Gannett, the owner of USA TODAY and local news operations in 45 states, posted a third-quarter loss but said cost-cutting measures are improving its finances, a trend it expects to continue into 2023.
have been cut so far this year, with more than one-third coming from the news media industry.
Total operating revenue fell from $800 million to $718 million. Total digital revenues of $256 million, which made up 36% of total revenue, were down 2% from the year prior.
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