Gannett Corporation, which owns the Rochester Democrat and Chronicle and the Elmira Star-Gazette, announced its second-quarter earnings today. Profits at Gannett are down 36 percent from the same period last year, and Gannett's president offered no indication that things were getting any better.
In today's conference call, Gannett management pointed to Rochester as a bright point in an othwerwise dim picture. Rochester's readership penetration is 70%, which means that 70% of Rochesterians are reading some Gannett publication regularly.
Things are so great here that the publisher of the D&C, Michael Kane, was promoted today to the job of Interstate Group President and Publisher of the Indy Star.
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