"Gannett, which publishes USA Today, among a host of other newspapers, continued to
benefit from cost cuts and revenue growth at its digital operations, which it has been highlighting as an emerging force in the company's financial performance," WSJ reports.
Overall, however, Gannett's earnings fell 23% largely due to declining advertising revenue from its newspaper portfolio. Gannett's publishing-ad revenue fell 7.3%, with a 6.9% decline in the U.S. Gannett reported a profit of $90.5 million, or 37 cents a share, down from $117.2 million, or 49 cents a share, a year earlier.