Gannett Earnings Call, First Quarter 2009

The news and information company reported Q1 EPS of 34 cents compared with 84 cents in the equivalent period last year. The total Q1 operating revenues for the company were $1.4 billion versus $1.7 billion in Q1 of 2008. The decline in revenues reflects the impact on advertising demand of the ongoing weakness in the economies of both the U.S. and the U.K. The management continues to transform all facets of the company ahead of a more favorable economic environment and expected future prospects.