Gannett posts lower 4Q net income
February 4th, 2013
MCLEAN, Va. (AP) — Gannett Co. reported a 12 percent decline in its fourth-quarter net income Monday, largely because of restructuring expenses and a tax benefit that boosted the previous year’s results. But revenue increased 9 percent thanks to robust political advertising, increasing digital subscriptions and an extra week in the quarter.
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