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will be among the largest and strongest in their peer groups, Martore said.In its second quarter earnings report, Gannett said print advertising revenue fell 5.7 percent to $530.1 million. Broadcasting revenue rose 87.9 percent to $398.3 million, taking into account the revenues brought Converse All Star All Black Hi Tops

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billion in cash, and the move nearly doubles its digital business."The bold actions we are announcing today are significant next steps in our ongoing initiatives to increase shareholder value by Converse Shoes For Girls Price building scale, increasing cash flow, sharpening management focus, and strengthening all of our businesses to compete effectively in today's increasingly digital landscape," Gracia Martore said in a statement.Last year, Gannett bought competitor Belo for $2.2 billion to double the number of TV stations it owns or operates."We are creating two companies that Converse Ct All Star Ox White Womens Trainers

´╗┐Gannett to spin off print business

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in by Belo's stations that were acquired late last year.The split will be implemented through a tax free distribution of its publishing assets to shareholders. The publishing business, will be "virtually debt free" after the separation as the broadcasting and digital company will retain the existing debt.Gannett said it anticipates the initial combined dividend of the two companies "will not be less than" Gannett's current 20 cents per share issued quarterly.

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Gannett Co., owner of the Asheville Citizen Times, announced plans Tuesday to split into two publicly traded companies for print and broadcast.The new publishing company, includes its flagship newspaper USA Today, along with 81 other daily newspapers, along will retain the Gannett name, and remain headquartered in McLean, Va. Robert J. Community Publishing division, will become chief executive officer.The broadcasting and digital company will be renamed and headed by Gannett's current president and CEO, Gracia Martore. Converse All Star Shoes

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