Part 3: Are Newspapers Buggy Whips?

As a continuation of my previous posts on the newspaper industry, I aim to provide additional insight into the business fundamentals at the firm level.  Thus far I have provided a brief over view of industry trends via circulation and advertising, in addition, to providing a broad overview of the publishing industry in aggregate.

Gannett Corporation (GCI)
Business Summary:
Gannett Co., Inc. operates as a media and marketing solutions company in the United States and internationally.  It operates in three segments: Publishing, Digital, and Broadcasting.  the Publishing segment publishes 83 U.S. daily newspapers with affiliated online sites, including USA TODAY, a general-interest daily newspaper; USATODAY.com; USA WEEKEND, a magazine supplement for newspapers; Clipper magazine, a direct mail advertising magazine, bi-weekly Nursing Spectrum and NurseWeek periodicals; and military and defense newspapers.  the Publishing segment also includes 17 paid-for daily newspapers; approximately 200 weekly newspaper, magazines, and trade publications; and approximately 650 non-daily publications, as well as involves in commercial printing, newswire, marketing, and data services operations.  The Digital segment owns and operates CareerBuilder, an employment Web site, which offers job postings and related products to employers; provides multi channel shopping and advertising services; digital marketing services and technology; hosted search and advertising services; scheduling solution for high school athletic departments; and social media technology and services; scheduling solution for high school athletic departments; and social media technology and services. The Broadcasting segment operates 23 television stations and affiliated Web sites, which produce local programming, such as news, sports, and entertainment programming.  This segment also includes Captivate Network, a news and entertainment network that delivers programming and full-motion video advertising on video screens located in elevators of office towers and select hotel lobbies.  The company has strategic business relationships with online affiliates, including Classified Ventures; Topix, and Metromix LLC. Gannett Co., Inc. was founding in 1906 and is headquartered in McLean, Virginia.

Business Summary:
The McClatchy Company operates as a newspaper publisher in the United States. The companys newspapers include the Miami Herald, The Sacramento Bee, the Fort Worth Star-Telegram, The Kansas City Star, The Charlotte Observer, and The (Raleigh) News & Observer.  As of December 27, 2009, it owned 30 daily newspapers and approximately43 non-dailies in 29 markets.  The company also operates local Websites that offer users information, comprehensive news, advertising, e-commerce, and other services, as well as engages in direct marketing and direct mail operations.  In addition, it owns a portfolio of digital assets, including 14.4% of CareerBuilder LLC, an online job site; and 33.3% of HomeFinder, LLC, which operates the online real estate Website HomeFinder.com, as well as 25.6% of Classified Ventures LLC, a newspaper industry partnership that offers classified Websites, such as the auto Website, cars.com and the rental site, Apartments.com.  The McClatchy Company was founded in 1860 and is headquartered in Sacramento, California.

The Washington Post (WPO)

Business Summary:
The Washington Post Company, together with its subsidiaries, operates as a diversified education and media company in the United States and internationally. It provides a range of educational services, including postsecondary and career programs, English-language programs, and tutoring offerings, as well as operates fixed-facility colleges.  In addition, it provides cable television services consisting of video, Internet, phone, cable modem, digital and basic cable, and other services to subscribers in the midwestern, western, and southern states.  Further, the company publishes and distributes The Washington Post, a morning daily and Sunday newspaper in the Washington, D.C. metropolitan area, including portions of Maryland and northern Virginia.  Additionally, it produces washingtonpost.com, which features news and information products.  The company also conducts television broadcasting operations through its six VHF television stations serving the Detroit, Houston, Miami, San Antonio, Orlando, and Jacksonville television markets; and engages in commercial printing business.  The Washington Post Company was founded in 1877 and is based in Washington, the District of Columbia.

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