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# Gannett’s Paid Digital Subscriptions Up, but Revenues Down Due to Pandemic
- URL: https://capitolcommunicator.com/gannetts-paid-digital-subscriptions-up-significantly-but-revenues-fall-due-to-pandemic/
- Published: 2020-08-09T22:17:04.000Z
- Updated: 2020-08-10T16:49:30.000Z
- Author: Capitol Communicator
- Tags: Media, Coronavirus, #wp-top-center-sponsored, #Import 2026-10-08 18:50

**Gannett Co.’s paid digital subscriptions increased 31% year-over-year to 927,000**, according to the publisher’s second-quarter earnings report, says MediaPost.

“At no time in our history has the value of high-quality journalism been as clear as it is right now, at this intersection of a global pandemic and a nation in turmoil over systemic racism and inequality,” stated Michael Reed, Gannett Chairman-CEO.

Audiences have turned to Gannett’s publications “in record numbers since the beginning of the pandemic,” he added, according to MediaPost, which added that “like many other publishers, revenue took a hit, due to the public-health crisis.

“The second quarter was “significantly impacted by the COVID-19 pandemic,” Reed stated. Revenue fell 28% from a year earlier to $767 million.

“The company did see “sequential improvement to revenue each month during the quarter and successfully realized over $125 million of incremental expense savings during the quarter,” Reed noted.

“Gannett’s digital advertising and marketing services revenue fell 27% to $104 million, compared to the same quarter in 2019.”

In November 2019, New Media acquired Gannett, and changed its company name to Gannett Co. The $1.1 billion merger created the largest U.S. media company by print circulation — it owns more than 260 daily publications, including *USA Today.*

More [here](https://www.mediapost.com/publications/article/354548/gannetts-paid-digital-subscribers-up-31-in-q2-b.html?ref=capitolcommunicator.com).