Newsquest Sees Property Classifieds Nightmare Stabilising
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Regional news publisher Newsquest is still losing money, but its losses are now easing. Its Q4 2009 revenue was down 17.9 percent from the previous year’s quarter - but it’s 11 percent higher than Q3, “driven by a steady improvement in real estate classified”.
Newsquest’s 200+ UK papers lost 38.5 percent of their job classifieds income and 26.9 percent of cars small ads, however.
UK financial details weren’t published by U.S. parent Gannett (NYSE: GCI), which itself reported one percent higher pre-tax quarterly income of $273.3 million, thanks to “stabilisation” of economies on both sides of the Atlantic.
Gannett’s digital revenue dipped seven percent to $157.7 million because job ads site CareerBuilder suffered in recession-time jobs slump. But Newsquest’s digital revenue is not broken out.
Gannett says Newsquest websites have 6.7 million monthly unique users and 66 million page views.
@robertandrews
Feb 1, 2010 11:51 AM ET
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