May 5, 2010
GateHouse Media Narrows Loss, Revenue Declines Slowing
By Matthew L. Brown
GateHouse Media Inc., which owns the MetroWest Daily News and other daily and weekly newspapers in Central Massachusetts and MetroWest, lost $17.5 million in the first quarter on revenue of $133.2 million.
In the same quarter a year ago, the company lost $31.9 million on $138.6 million in revenue.
The Fairport, N.Y., company said it remains focused on cutting costs as the steep revenue declines of previous quarters begin to shrink.
Advertising revenue fell from $94.3 million a year ago to $92.5 million. Circulation revenue fell from $35.6 million last year to $34.1 million.
The company runs 87 daily newspapers, and hundreds of non-daily papers, shoppers and websites. It has operations in 21 states.
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