Almost everyone in our country is addicted to electronics, and riddled with denial. When I talk to people about it, they get defensive. They say it's not addiction, it's just something they enjoy. I love to play ping-pong, I love to practice the drums, I love to tap dance. But I have never, even once, tried to figure out how to do any one of those things, while driving, in such a way that the cops couldn't see. Because I am not addicted to those activities, I just enjoy them, and there's a huge difference. Screen devices wreak havoc with the brain's frontal lobe. Diagnosis of ADHD in our children has taken a steep rise since the proliferation of screen devices. Yet, even when presented with that information, parents often won't hear of protecting their kids from the harmful effects of screen devices. "Kids love them!" they say. Yes, they do, and kids would love heroin if we gave it to them. I'm told that after the initial vomiting stage it can be a hoot!
Gannett Co., Inc. (NYSE: GCI) (“Gannett” or “company” or “we” or “our”) today reported second quarter 2018 financial results for the period ended June 30, 2018 (1).
“We are excited by the continued momentum in our digital business driven by strong growth in our marketing services and national media businesses,” said Robert J. Dickey, president and chief executive officer. “On July 2nd, we successfully closed the WordStream acquisition, which adds more software-as-a-service solutions to our digital marketing services product portfolio and will further propel our digital transformation that is already well underway.”
“The strong margin improvement at our ReachLocal segment and the continued focus on driving efficiencies within our publishing and corporate operations reflect strong execution on our objectives,” said Ali Engel, senior vice president and chief financial officer. “Adjusted EBITDA grew year-over-year and we delivered better than expected margin expansion in the quarter. We are increasing our Adjusted EBITDA guidance range for the year as a result of our stronger first-half performance, combined with the integration of WordStream.”
Second Quarter 2018 Consolidated Results (2)
• Operating revenues were $730.8 million, compared to $774.5 million in the second quarter of 2017.
• Favorable changes in foreign currency exchange rates benefited revenues by $4.7 million.
• Same store operating revenues declined 7.5% year-over-year, consistent with the first quarter decline of 7.2%.
• Total digital revenues increased 8% to $260.9 million, or approximately 36% of total revenue.
• GAAP net income was $16 million, including $22.8 million of after-tax restructuring, asset impairment charges and other costs.
more detail at: https://investors.gannett.com/press-release/gannett-reports-second-quarter-results