Gatehouse Media revenue declines 15% YOY; net income up

05 Nov 2009

Gatehouse Media, Inc. reported third quarter 2009 revenues of $144.9 million, a year over year decline of 15 percent. Operating costs declined 16.3 percent, however, partly due to sale of properties, and resulted in a net income of $2 million. This compares favorably with Q308 net loss of $18.5 million.  Print classified advertising revenue was the hardest hit, with a decline of 28.5 perce

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Sharon Hill

Sharon Hill has been a senior writer / analyst with the AIM Group since 2004, except for a two-year time-out to serve as sales and marketing manager for Suburban Newspapers of America. She worked at newspapers in California, the Carolinas and Indiana as a classified advertising sales supervisor and manager, and in newspaper circulation in Alaska. At the SNA, she was responsible for bringing in new members; lining up exhibitors, and helping develop programs for the classified conference and the classified alliance. She is also co-author of “Implementing and Managing Telework: A Guide for those who make it Happen” (Praeger Press) and a prolific blogger and social media user. She is based in Phoenix.