Gannett's ad revenue falls nearly 17% in August

Gannett's publishing division ad revenue fell 16.8 percent in August compared with the same period a year ago, Editor & Publisher reports.
Hardest hit was classified advertising, where real estate ads fell 40 percent, another sign that the housing crisis is having wide-ranging effects. Retail ad revenue was also down 6.9 percent.
The news wasn't all bad, however, as the company's broadcasting ad revenue rose 20.7 percent.

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