Gannett reports 32 percent 3Q decline

The Wall Street Journal reports that Gannett Co., reported a 32% decline in third-quarter net income, a drop that could end up in more job cuts in the fourth quarter.
The publisher of 85 daily newspapers, including USA Today, and owner of 23 television stations, said its publishing ad revenues fell nearly 18%, owing largely to weakness in classifieds at papers in California, Florida and Nevada.
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