Wednesday, November 14, 2007

GateHouse Media records $8.75 million third quarter loss

GateHouse Media reported an $8.75 million net loss during the third quarter, according to the company's report, issued Tuesday:

The Fairport, N.Y.-based publisher posted revenue of $163.4 million for the quarter, up from $97.6 million a year ago.

Adjusted earnings before interest, taxes, depreciation and amortization rose to $40.1 million from $20.2 million.

The mean estimate of analysts polled by Thomson Financial was for a per-share profit of 2 cents on revenue of $169.4 million.

The stock closed the regular session up 35 cents, or about 3%, at $11.75.


GateHouse Media owns The Carthage Press, Neosho Daily News, Neosho Post, Big Nickel, Aurora Advertiser and Greenfield Vedette in this area, and recently purchased the Pittsburg Morning Sun.

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