Gannett 2Q13 Earnings Call Notes

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This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. The quotes are generally pieces of information that I find interesting or helpful to understanding the company, industry or economy and are not meant to provide summaries of the full content of the call. Other posts in this series can be found by clicking here. Full transcripts can be found at Seeking Alpha.

“Now we continue to work on, and will begin to test, other opportunities to add value to our print and digital subscribers, which will further enhance future circulation revenue”

“We continue to take steps to best position us for the future, and that includes a number of initiatives related to USA TODAY”

“In fact, in September last year, USA TODAY Travel launched a loyalty program called The Point, that is now in more than 3,000 hotels, all of which are part of Hilton Worldwide’s 10 distinct hotel brands. Already, the program is generating 130,000 daily unique visitors. ”

“Another of our strategic initiatives, USA TODAY Sports Media Group also continues to gain momentum. We’ve expanded our relationships with both NASCAR and the UFC in arrangements that guarantee ad spend to USA TODAY Sports Media Group. We’ve also strengthened our advertising relationships with the MLB, NFL, NHL and NBA”

“Now let me take a moment to move to our Digital segment, where operating revenues improved by approximately 3%, reflecting very solid growth at CareerBuilder. Let me briefly update you on CareerBuilder’s strong position in the online employment market. It is and has been for quite some time the largest general job site in North America, providing unmatched reach for employers.”

“our biggest news for the quarter, our pending acquisition of Belo Corp. announced on June 13, which will both complement and accelerate our ongoing transformation. Belo folds naturally into our existing strategy and will accelerate its progress. It shifts our digital — it shifts our business mix toward our higher-growth, higher-margin broadcast and digital assets.”

“Gannett and Belo combined will be the largest owner/operator in terms of number of TV stations”

“We’ll become the #1 CBS affiliate group, reaching 10% of the CBS audience. We’ll be the #4 ABC affiliate group, reaching 6% of their audience from a very minor presence within that network. And our position as the #1 NBC affiliate group will be further expanded. We’ll now deliver 15% of NBC’s total audience.”

“on Obamacare because as the exchanges come to market, and it’s going to be a state-by-state situation, a bigger opportunity than others, but there is clearly some tremendous media buys and frankly, opportunities for business development on the part of our stations.”