WPP And Gannett Speak Out To Reassure Investors

Media giants WPP and Gannett have both been making reassuring noises this week designed, no doubt, to allay investors’ fears in these difficult economic times.
Meanwhile in a speech to Gannett executives assembled for the company’s mid-year review, chairman Douglas McCorkindale claimed that profits for Q2 would fall in line with ‘most analysts’ expectations’. “Our toughest year-over-year comparisons for our newspapers are behind us” he said before drawing attention to revenues at UK subsidiary Newsquest which are currently running at 9% up year on year.