Gannett’s business strategy, cont.

March 2, 2007 in industry news, management

The Business Beat #

We conclude our look at Gannett’s business plans with their efforts in broadcasting.  In addition to owning 90 daily newspapers, Gannett owns 23 TV stations . In a report to investment bank, Credit Suisse, Roger Ogden, president and CEO of Gannett Broadcasting, talked about the performance and transformation of Gannett television. #

* Due mainly to political advertising, odd years mean less revenue, overall ’07 growth will not match ’06 #

* Broadcasting at Gannett is no longer just broadcasting,”it’s multimedia” with a Web focus #

* TV stations will expand local news #

* TV stations will expand community programming #

* Gannett will repurpose locally generated news stories for other TV programming and online portals #

* Online/digital revenue was up 58% in ’06 #

* Broadcasting sales force is being retrained to better tap online revenue streams #

* An unexpected shift is taking place,  local advertising interest seems to be declining while national advertising interest is increasing #

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