Newsquest Revenues Decline; Digital Ads Rise
The latest figures detailing the financial performance of Newsquest, the UK regional newspaper arm of the US publisher Gannett, appear to have escaped everyone's attention. They help to reveal the story behind the company's continuing wage freeze and so, for the record, here they are. In the final three months of 2012, Newsquest's total ad revenue went down by 5.3% compared to the same quarter the year before. Classified property ads were especially badly hit, down 9.1%. By contrast, online revenue rose by 8.8%.