Gannett Reports Robust Digital Revenue in Q3

Gannett Co., owner of more than 200 daily newspaper brands and the nation’s largest newspaper chain as measured by total circulation, reported third-quarter revenue of $800.2 million, a 1.8% decline from the same period in 2020, reports Publishers Daily.

Driving the company’s performance was its strength in the digital realm, both subscriptions and marketing solutions, including advertising, the company, based in McLean, VA,  said in a statement.

Digital revenue for the quarter totaled $265 million and accounted for over one-third of total revenue and growth, the company said. It recorded growth of 17.8% from the same period in 2020. Digital-only circulation revenue was $25.7 million for the quarter, with growth of 26.6% year-over-year. Digital-only paid subscribers exceeded 1.5 million at the end of the third quarter of 2021, up 46% compared to the same period in the prior year, states Publishers Daily.

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