Gannett reports lower 2nd-qtr profit
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Gannett Co. Inc. , the largest  U.S. newspaper publisher, on Wednesday reported an 8.3 percent  drop in its quarterly profit due to a weak advertising  environment and higher newsprint costs.
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The company said that one-time costs and a recall of Easy-Bake Ovens drove its second-quarter profit well below year-ago results.
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The Washington Post Co. said yesterday that its fourth-quarter profit was down 7 percent, to $95.5 million from $102.4 million in the fourth quarter of 2005, despite a 10 percent gain in revenue.
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U.S. media company Gannett Co. Inc.  is set to review its British newspaper unit, Newsquest, a move that could lead to its disposal for up to 1.5 billion pounds ($2.9 billion), the Sunday Express newspaper reported.
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Rupert Murdochâs media company said quarterly profit fell 24 percent from a year earlier, when it had a one-time gain from asset sales.
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Gannett Co. Inc.  posted higher fourth quarter profit on Friday, boosted by advertising demand at its newspapers and a rise in political ad sales at its TV stations.
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The package courier reported that its second-quarter profit fell 6 percent from a year ago, largely due to high fuel costs and a sluggish U.S. economy.
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Clear Channel Communications Inc. , the top U.S. radio conglomerate, on Friday posted a quarterly profit but said radio advertising continued to suffer.
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Tribune Co , which is going private in an $8.2 billion deal led by Chicago real estate tycoon Sam Zell, on Wednesday reported lower quarterly profit and revenue as advertising sales fell at its newspapers.
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DATELINE -- Gannett Co., the largest newspaper publisher in the United States, said Friday its fiscal fourth-quarter profit dropped 31 percent on a decline in broadcasting revenue and weak newspaper ad sales.
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The New York Times Co. NYT.N on  Wednesday reported lower quarterly net profit, weighed down by  an inconsistent ad sales environment.
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Sears Holdings Corp. posted its lowest profit in nearly two years Thursday after another round of weak sales at Kmart and Sears stores sent the retailer's net income tumbling 40 percent.
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HORSHAM, Pa. -- Luxury homebuilder Toll Brothers Inc. said Thursday its fiscal second-quarter profit fell sharply, as the company took hefty charges to write down property values amid continued weakness in the housing market.
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Burlington Northern Santa Fe BNI.N,  the No. 2 U.S. rail group, on Tuesday reported a sharp drop in  net profit after taking a charge related to a change in the way  it estimates asbestos and environmental liabilities, but posted  record quarterly revenue.
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The New York Times Co. NYT.N said on   Thursday it forecast lower third-quarter earnings than during   the same quarter last year because of a "challenging" print   advertising market, sending shares down nearly 5 percent in   after-hours trading.
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CHICAGO - Tribune Co. said Thursday its third-quarter profits dropped 33 percent, pushed lower by investment losses and the cost of settling with advertisers following circulation scandals at two of its newspapers.
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The printer maker said its second-quarter profit declined 16 percent, to $64.2 million, on lower consumer segment sales and higher costs.