Gannett Releases May Statistical Report
McLEAN, VA – Gannett Co., Inc. (NYSE: GCI) reported today that total pro forma operating revenues for the fifth period ended June 2, 2002 were almost even with the same period in 2001.
Pro forma newspaper advertising revenues declined 2 percent in the period on a 3 percent increase in ROP volume and a 6 percent rise in preprint distribution.
Pro forma classified revenues declined 1 percent in the May period on a 6 percent increase in ad volume. Employment revenues decreased 14 percent. Classified real estate revenues advanced 5 percent, and automotive also increased 5 percent. Overall, the company’s classified results from Newsquest continue to be stronger than its domestic results.
Pro forma local advertising revenues increased 1 percent on a 2 percent decline in ad volume. Once again, the performance of the company’s small and medium-sized advertisers in its domestic newspapers outpaced the revenue performance of its largest advertisers.
Pro forma national advertising revenues decreased 11 percent on a 1 percent increase in ad volume. National ad volume at the company’s local domestic newspapers increased 6 percent. At USA TODAY, advertising revenues declined 18 percent on a 21 percent decline in paid ad pages to 359 from 452. For the year-to-date, USA TODAY’s paid pages numbered 1,995 compared to 2,295 last year, while ad revenues were 10 percent lower.
Pro forma television revenues increased 7 percent in the fifth period. National revenues increased 15 percent and local revenues grew 2 percent. Television pacings for June continue to be strong and are presently up about 20 percent year-over-year.
In addition to the revenue and statistical summary, attached is a chart which shows the consolidated Gannett Online audience shares for April from Media Metrix and Nielsen/Net Ratings. In April, Gannett’s domestic Websites, according to Media Metrix, had 11 million unique visitors reaching almost 10 percent of the Internet audience. Newsquest is also an Internet leader in the U.K.
Ad linage for Newsquest is not included in the ad volume statistics. Circulation volume numbers for Newsquest’s paid daily newspapers are included in the enclosed statistics, but volume from unpaid daily and non-daily publications is not included in the circulation volume statistics.
Gannett Co., Inc. is an international news and information company that publishes 95 daily newspapers in the USA, including USA TODAY, the nation’s largest-selling daily newspaper. The company also owns in excess of 300 non-daily publications in the USA and USA WEEKEND, a weekly newspaper magazine. In the United Kingdom, Gannett subsidiary Newsquest plc publishes more than 300 titles, including 15 daily newspapers. Gannett also operates 22 television stations in the United States and is an Internet leader with sites sponsored by its TV stations and newspapers including USATODAY.com, one of the most popular news sites on the Web.
Certain statements in this press release may be forward looking in nature or “forward looking statements” as defined in the Private Securities Litigation Reform Act of 1995. The forward looking statements contained in this press release are subject to a number of risks, trends and uncertainties that could cause actual performance to differ materially from these forward looking statements. A number of those risks, trends and uncertainties are discussed in the company’s SEC reports, including the company’s annual report on Form 10-K and quarterly reports on Form 10-Q. Any forward looking statements in this press release should be evaluated in light of these important risk factors.
Gannett is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this press release by wire services, Internet service providers or other media.
Contact: Gracia Martore
Senior Vice President of Finance and Treasurer
703-854-6918
gmartore@gannett.com
GANNETT CO., INC. REVENUE & STATISTICAL SUMMARY
Period 5 (May 6, 2002 - June 2, 2002)
%
2002 2001 CHANGE CHANGE
REVENUES:
Advertising:
Local $ 145,670,000 $ 144,790,000 $ 880,000 1
National 52,880,000 59,377,000 (6,497,000) (11)
Classified 139,548,000 140,603,000 (1,055,000) (1)
------------- ------------- ----------- ----
Total Advertising $ 338,098,000 $ 344,770,000 $(6,672,000) (2)
Circulation 98,027,000 97,881,000 146,000 0
Television 61,975,000 57,890,000 4,085,000 7
------------- ------------- ----------- ----
Total Revenue $ 498,100,000 $ 500,541,000 $(2,441,000) (0)
============= ============= =========== ====
VOLUME:
Newspaper Inches:
Local 3,124,270 3,182,583 (58,313) (2)
National 320,197 317,559 2,638 1
Classified 4,643,237 4,364,684 278,553 6
------------- ------------- ----------- ----
Total ROP 8,087,704 7,864,826 222,878 3
============= ============= =========== ====
Preprint Distribution
(in thousands) 810,325 761,957 48,368 6
============= ============= =========== ====
NET PAID CIRCULATION:
Morning (w/USAT) 6,943,046 6,949,311 (6,265) (0)
Evening 1,262,952 1,267,708 (4,756) (0)
------------- ------------- ----------- ----
Total Daily 8,205,998 8,217,019 (11,021) (0)
============= ============= =========== ====
Sunday 6,976,899 6,985,288 (8,389) (0)
============= ============= =========== ====
Year-to-Date through June 2, 2002
%
2002 2001 CHANGE CHANGE
REVENUES:
Advertising:
Local $ 745,230,000 $ 753,554,000 $ (8,324,000) (1)
National 286,440,000 300,619,000 (14,179,000) (5)
Classified 718,775,000 759,212,000 (40,437,000) (5)
------------- ------------- ----------- ----
Total Advertising $1,750,445,000 $1,813,385,000 $(62,940,000) (3)
Circulation 544,578,000 545,654,000 (1,076,000) (0)
Television 298,892,000 282,723,000 16,169,000 6
------------- ------------- ----------- ----
Total Revenue $2,593,915,000 $2,641,762,000 $(47,847,000) (2)
============= ============= =========== ====
VOLUME:
Newspaper Inches:
Local 15,820,860 16,093,490 (272,630) (2)
National 1,599,112 1,595,962 3,150 0
Classified 23,466,786 22,643,279 823,507 4
------------- ------------- ----------- ----
Total ROP 40,886,758 40,332,731 554,027 1
============= ============= =========== ====
Preprint Distribution
(in thousands) 4,226,310 4,137,979 88,331 2
============= ============= =========== ====
NET PAID CIRCULATION:
Morning (w/USAT) 7,030,670 7,069,025 (38,355) (1)
Evening 1,239,515 1,259,997 (20,482) (2)
------------- ------------- ----------- ----
Total Daily 8,270,185 8,329,022 (58,837) (1)
============= ============= =========== ====
Sunday 7,051,143 7,110,749 (59,606) (1)
============= ============= =========== ====
Note: The above revenue and statistics include the pro rata portion from our
50% owned joint operating agencies, consistent with past practice.
The above revenue amounts and statistics have been restated to include all companies presently owned.
Newsquest (which includes Newscom) is a regional newspaper publisher in the United Kingdom with more than 300 titles, including paid and unpaid daily and non-daily products. Circulation volume statistics for Newsquest’s fifteen paid daily newspapers are included above.
Circulation volume statistics for Newsquest’s unpaid daily and non-daily publications are not reflected above. Advertising linage for Newsquest publications is not reflected above.
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Gannett Online Internet Audience April 2002 Nielsen/Net Ratings Home/Work Panel Combined Unique Visitors Percentage Reach of Per Month Internet Audience Gannett Online 10,967,000 9.2% Media Metrix Home/Work Panel Combined Unique Visitors Percentage Reach of Per Month Internet Audience Gannett Online 11,031,000 9.5% Gannett Online includes all domestic Gannett owned Web sites including USATODAY.com.