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  • fabulouspoodle fabulouspoodle • Jul 16, 2012 10:15 AM Flag

    some GCI earnings stuff....

    As per the pr, company wide Digitital Revenue (inclusive of the 'Digital Segement + Digital related to their newspaper biz etc) was $311.7 million. Broadcast Revenue was $205.4 million. So Revenues not including their Old School Print biz equalled $517.1 million, or 39.6% of total revenue...up from 37.7% last quarter.

    I believe for the first time, Net Income and Operating Cash flow from their Digital and Broadcast biz was greater than publishing. And just under 14% of publishing revenue is digital, so Old School print biz probably accounted for less that 45% of net income and cash flow.

    Those seem like solidly good trends to me. Of course Old School Publishing segment continues its big time decline.

    best.

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    • fcfguy fcfguy • Jul 16, 2012 11:50 AM Flag

      Operating cash flow from print media was still 59% of total (lots of depreciation from old media, very little from digital). Operating income from digital and BrdCstng was over half. Clearly. a step in the right direction, and, clearly a company that can maintain a solid dividend in a zero rate environment, and still offer some revenue and earnings growth into the future.

      • 1 Reply to fcfguy
      • croppled1 croppled1 • Aug 1, 2012 9:14 PM Flag

        I can't help but think many of those old downtown property print sites may be devloped or monetized . As real estate recovers and the business changes surely they will capture value there . In the meantime 5.6% in annual dividends reflecting a 36% payout leaves room for development or further increases as shares are repurchased ..

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