Supreme Court To Consider Cross-Media Ownership Rules (mediapost.com)

Gannett Co., Inc. announced a strategic organizational restructuring with the creation of two new U.S. operating business units, Gannett Media and Digital Marketing Solutions (DMS), which will be led by Maribel Perez Wadsworth and Kris Barton as Presidents of each business respectively. The evolved corporate structure is designed to align Gannett’s subject matter expertise and resources with favorable growth opportunities. As President of Gannett Media, Wadsworth will oversee an expansive organization that prioritizes content, news, business-to-business (B2B) and commitment to subscribers while continuing to accelerate Gannett’s digital subscriber growth. As President of Digital Marketing Solutions, Barton brings a unique mix of business, design and technical acumen to the position. He is dedicated to growing DMS offerings as a differentiated marketing platform. He and his team will further the transformation of the DMS business to ensure loyalty from existing customers who value the platform while attracting new customers to engage with the available digital solutions.

The total invoiced value (or publishers' sales to accounts) of U.K. publisher sales rose to £6.3 billion in 2019, 4% higher than in 2018 and 20% higher than in 2015, making 2019 the biggest year ever for U.K. publishing. The Publishers Association’s new figures, released in its annual "Yearbook" report, shows growth in both print and digital sales. The significance of export sales is underlined by the report: exports accounted for 59% of total sales. Other headline facts include: print sales up 3% to £3.5 billion; digital sales up 4% to £2.8 billion; home sales up 4% to £2.4 billion; export sales up 3% to £3.7 billion; consumer audiobook downloads sales up 39% to £97 million, and nonfiction and reference sales up to 6% to £1 billion.

Net sales increased 10% to $148.0 billion in the second quarter, compared with $134.4 billion in second quarter 2023. Excluding the $1.0 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 11% compared with second quarter 2023. *North America segment sales increased 9% year-over-year to $90.0 billion. Operating income increased to $14.7 billion in the second quarter, compared with $7.7 billion in second quarter 2023. *North America segment operating income was $5.1 billion. Net income increased to $13.5 billion in the second quarter, or $1.26 per diluted share, compared with $6.7 billion, or $0.65 per diluted share, in second quarter 2023.