Gannett Profit Rises on Asset Sales
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Gannett Co. (NYSE:GCI) , the largest newspaper publisher in the country and owner of USA Today, reported increased profits from the second quarter on Wednesday on the sale of several newspapers. Excluding the gain, earnings fell on weaker advertising.
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By Reuters. The Gannett Company yesterday reported an 11 percent jump in quarterly net profit on advertising sales gains at its newspapers and broadcast television stations.
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Cisco Systems Inc. said on Tuesday its quarterly net profit rose as customers bought more network equipment in response to growing Internet traffic.
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Newspaper publisher Gannett Co Inc.  GCI.N will need to see advertising demand pick up for its  fourth-quarter earnings to meet average Wall Street estimates,  its Chief Financial Officer said on Wednesday.
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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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EMC Corp , the world's biggest maker of corporate storage gear, said on Tuesday its fourth-quarter profit rose on the back of strong revenue growth across a broad range of products.
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EMC Corp , the No. 1 maker of  corporate data storage equipment, reported higher quarterly  profit on Thursday on an increase in sales of both hardware and  software.
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The New York Times Co  reported a 6.7 percent rise in profit on Tuesday because of higher national advertising sales and a price increase for its flagship newspaper, sending its shares up as much as 8 percent.
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Media conglomerate Time Warner Inc.  said on Wednesday that fourth-quarter profit rose more than 30  percent, boosted by asset sales, more digital cable and phone  customers, and a rise in AOL advertising sales.
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NEW YORK  - Washington Post Co.  said on Friday that quarterly profit jumped, boosted by results at its Kaplan education unit and television broadcasting operations.
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Newspaper publisher Gannett Co Inc. (GCI.N: Quote, Profile, Research) will need to see advertising demand pick up for its fourth-quarter earnings to meet the consensus target of Wall Street
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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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Sears Holdings Corp.  reported  higher fourth-quarter profit on Thursday, helped by property  sales and higher operating income at its Sears and Kmart  divisions.
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USA Today publisher Gannett Co. Inc.  said on Wednesday its quarterly revenue fell because of weaker  advertising sales at its local U.S. papers while profit rose  with the sale of some newspaper assets.
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Bank of New York Mellon Corp  said on Thursday third-quarter profit rose 11 percent, topping analysts' forecasts, helped by growth in fees from asset management and providing back-office services to institutional clients.
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The New York Times Co  reported higher profit and revenue on Tuesday because of a rise in national advertising and circulation revenue, a contrast to a downbeat earnings season for other U.S. newspaper publishers.
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News Corp. said on Tuesday its  quarterly net profit rose 19 percent, boosted by advertising  revenue at the Fox News Channel, "Ice Age: The Meltdown" film  ticket sales, and the sale of radio stations.