Gannett eyes major market newspaper acquisitions following spin-off, reports lower revenue in second quarter earnings report
Morning Brief: Meredith unveils new storefront for Martha Stewart Living Newsstand app; Aquafadas updates its digital issue preview app Aquafadas Viewer for iOS
The recently spun-off newspaper division of Gannett, which retained the same name, is looking to acquire some of the newspapers owned by Digital First Media, a report in the Wall Street Journal said last night.
“We are looking for markets that provide good synergies for us, but we are also open and are having discussions about looking at other markets where we don’t necessarily have geographic synergies,” CEO Robert Dickey said on the company’s earnings conference call.
After the bell yesterday the company reported second quarter earnings, with revenue falling 9 percent, due mostly to a decline in ad revenue of 11.5 percent versus the same quarter a year ago. Gannett earnings going forward will be difficult to compare on a quarter to quarter basis because of recent acquisitions such as the Romanes Media Group in the UK, and other newspaper properties.
The company also recently announced the hiring of its first chief revenue officer, Kevin Gentzel, the former Forbes ad executive who recently spent six months at Yahoo! Gentzel was also chief revenue officer at The Washington Post for two years before taking the post at Yahoo!
Meredith has updated its Newsstand app for Martha Stewart Living Magazine for iPad. The publisher earlier had signed an agreement to take over the publishing responsibilities for the popular title as Martha Stewart Living Omnimedia looked to sell off assets. Meredith’s first move was to make the digital edition a replica edition much to the horror of loyal readers who have trashed the new version in recently written user reviews inside iTunes.
While the move to a replica will likely result in lost digital subscribers who have bought through Apple’s Newsstand, the move also brought the title to the Next Issue Media newsstand which should result in gains in single copy digital readers. (Next Issue readers are categorized as single copy readers as the service is an all-you-can-read platform.)
Today’s update brings the app up to version 6.3 and introduces a new storefront, one with a sliding carousel that promotes stories from the latest issue, encourages subscriptions, and shows off other Martha Stewart branded apps.
The digital publishing platform Aquafadas today updated its previewer app, Aquafadas Viewer for iOS. The app is used to preview new digital issues before publication.
- Improved handle of the sub layout scroll propagation.
- Improved navigation through Bookmark and Note.
- Improved Right to Left reading experience.
- Enhancement of the pdf to reflow mechanism in the case of hand made editing.
- Web enrichment and go to web support the # symbol in the URLs.
- Updated localizations.
Reader bug fixes:
- Fixed audio doesn’t play on first slide on slideshow enrichment.
- Fixed Bookmark/Note popup disappear after orientation change.
- Fixed sub layout page transition animation in Reader Next Gen.
- Fixed can’t wipe a note to show delete button on iOS 7.
- Fixed transition animation between pages in PDF Reader.
- Fixed modal popover being dismissed after orientation change.
- Fixed action concentrator. Delayed action wasn’t killed when the page changed.
- Fixed a possible bug in search on iOS 7.
- Fixed a possible crash of the Reflow reader after closing the Share panel.
- Removed guided reading bottom bar in PDFReader when it’s not needed.