Craig Dubow
Craig Dubow
Craig A. Dubowis the former Chairman, President and Chief Executive Officer of Gannett Company...
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The absence of these events combined with softer ad demand in the auto category unfavorably impacted our broadcasting segment results.
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Looking ahead, the fourth quarter will also be affected by comparisons to the almost $50 million of politically-related ad demand from last year's fall elections and a continuing soft advertising outlook in the U.K.,
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Shareholders have made clear they like this change, and we are glad to oblige. By amending its bylaws, Gannett is again demonstrating our strong belief in good corporate governance.
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Two daily newspapers, competing editorially in the city of Detroit. That's the bottom line of today's transactions. Detroit is the winner here, and Gannett is proud we were able to make this happen,
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We are absolutely delighted that Gannett has an executive with Sue's experience, management talents and leadership qualities ready to serve as president of our largest division. Sue has tremendous experience in every aspect of the newspaper business. She not only is a talented manager of very complex and far-flung operations, but she is a gifted strategist and visionary. Sue is an ideal executive to help lead Gannett into our new digital information age.
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In the third quarter of last year, the company benefited from over $50 million of Summer Olympics and politically related advertising,
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In our newspaper segment we reported advertising gains at our U.S. community newspapers, particularly in classified employment and real estate while auto remained soft.
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Innovation is the future of Gannett, and Roger has proven his ability to encourage new ideas and make them business-ready. He is the right person for this new and exciting role. The Center for Design and Innovation is a key part of our strategy for growing Gannett and stimulating innovation throughout the company. As a team, our top management is excited to embrace innovation.
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Gary Watson was a success throughout his career in whatever role he served Gannett, from entry level reporter to publisher to president of our Newspaper Division. First and foremost, Gary has always had the heart of a journalist. He has been a strong leader, not only at Gannett, but also within the nation's newspaper industry. He was in large part responsible for many of the leading-edge strategic and tactical initiatives at Gannett during his time with us. Gary will be missed. We wish him all the best.