As Adjusted Revenues for the quarter were $170.9 million, a decline of 4.2% on a same store basis. Local advertising revenues continued to perform well given the current economic environment declining only 2.6% on a same store basis. Classified revenues continue to be the primary driver of revenue declines with a 12.8% decline on a same store basis. The classified advertising weakness was seen in the categories of help wanted, real estate and auto. Online revenues were strong with same store growth in this category up 28.4%. Circulation revenues in the quarter increased by 1.5%,
driven by price increases offset by small volume declines. Commercial printing and other revenues decreased 10.5% in the quarter.
The company will have a conference call at 9 a.m. today to discuss the results. The call can be accessed by dialing (877) 675-4749 or (719)325-4915 (from outside of the U.S.) ten minutes prior to the scheduled start and referencing the "GateHouse Media First Quarter Earnings Call," according to the news release.
GateHouse Media owns The Carthage Press, Neosho Daily News, Big Nickel, Neosho Post, and Pittsburg Morning Sun.
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