gannett 4q2006transcript

Gannett Co., Inc. held a conference call to discuss its fourth quarter and full year 2005 earnings. Gracia Martore, the CFO, noted that fourth quarter earnings were at the high end of guidance. Full year earnings per share were up slightly compared to 2004. Martore discussed factors impacting results such as the consolidation of Detroit Newspapers and currency exchange rates. Craig Dubow, President and CEO, provided details on segment results, noting growth in classified and real estate advertising, while auto remained soft. Online revenues increased nearly 60% for the quarter. The company is optimistic about opportunities in 2006.