Peoria Pundit

Via RTT News:

Gatehouse Media, Inc., a publisher of print and online media, reported Friday a wider net loss for the second quarter, hurt by impairment charge, despite a 16.5% revenue growth.

The Fairport, New York-based company’s net loss widened to $443.2 million or $7.77 per share from $2.0 million or $0.05 per share in the second quarter of last year.

The loss from continuing operations widened to $438.7 million or $7.69 per share from $2.6 million or $0.07 per share in the year-ago period.

The original statement from GateHouse is available here.

GateHouse stock was at 71 cents a share at 8:53 a.m. Central time. It opened at 77 cents and reached 87 cents.

This entry was posted on August 8, 2008 at 8:56 am and is filed under Uncategorized . You can follow any responses to this entry through the RSS 2.0 feed Both comments and pings are currently closed.