** Shares of U.S. newspaper chain Gannett GCI.N rise 1.6% to $3.71 premarket
** "We are implementing targeted annualized expense reductions of approximately $100 million that we anticipate will create a lower and more variable cost structure," CEO Michael Reed says
** Gannett expects 2025 revenue to be down in low-mid single digits on same-store basis, compared with prior expectations for it to be down in low single digits
** Co reports total revenue of $584.9 million for Q2 vs estimates of $593.1 million
** Up to last close, stock had fallen 27.9% YTD
(Reporting by Harshita Mary Varghese in Bengaluru)
((HarshitaMary.Varghese@thomsonreuters.com))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。