Gannett reported Friday digital subscription growth of 145,000 in the second quarter — roughly the same as The New York Times earlier in the week.
However, the nation’s largest newspaper company — with 250 dailies including USA Today — saw circulation revenue fall 9.4% compared to the same quarter in 2020.
The obvious explanation is that print circulation and the revenue it generates are falling fast, with new revenue from its digital transition strategy not yet making up the difference.
