Gannett's digital best: Revenue in that area was up in Q4, but flat overall

Gannett released its Q1 2024 financials on Thursday. As usual, the firm experienced growing digital revenue and flatness overall. 

Total revenues hit $635.8 million, a 5% decrease YoY. Still, that was an improvement over the 8.4% revenue decline seen in Q4 2023, and it enabled CEO Mike Reed to say, “Year-over-year revenue trends were a bright spot in the quarter, reflecting the most pronounced sequential improvement in nearly three years.”

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