10.28.2009 03:00 PM
Gannett, McGraw-Hill Declare Dividends
McLEAN, VA. and NEW YORK: McGraw-Hill and Gannett both declared quarterly dividends today. The board of McGraw-Hill (NYSE: MHP) approved a 22.5 cent dividend payable on Dec. 10 to shareholders of record as of Nov. 25. Gannett’s (NYSE: GCI) board approved a 4 cent dividend payable Jan. 4 to shareholders of record as of Dec. 11.

McGraw-Hill reported third-quarter results on Monday. Consolidated revenues for all divisions was $1.9 billion, down 8 percent from a year ago. Net income was $336 million, down 14 percent. MHP has paid a dividends since 1937.

Gannett reported consolidated 3Q revenues of $1.34 billion, down 18 percent from a year ago but exceeding the company’s forecast of $1.32 billion. Net income was $73.8 million versus $158.1 million for 3Q08. The company declared 4 cent dividends in April and July as well.

Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found

Thursday 10:05 AM
NAB Requests Expedited Review of Spectrum Auction Lawsuit
“Broadcasters assigned to new channels following the auction could be forced to accept reductions in their coverage area and population served, with no practical remedy.” ~NAB

Featured Articles
Discover TV Technology