Gannett reports 16% earnings decline

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New York--Gannett Co. said its fourth-quarter earnings fell 16% to $248.4 million, or 93 cents a share, from $294.9 million, or $1.11 a share, for the same period a year earlier. Revenue for the period was $1.62 billion, down 14% from $1.89 billion a year earlier.
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