Gannett sees continued 'strong' performance for broadcast segment in Q1 Says combination with Belo a true game changer. Says in late December, the company announced in conjunction with sander media, the sale of three former Belo stations to Meredith (MDP); says it sold these stations for a total of approximately $410M, which lowers the effective cash purchase price of Belo from $1.5B-$1.1B. Says the projected 2014-2014 expected average EBITDA was roughly $35M for these three stations. Says expect says "very de minimus" impact to previously announced synergies. Expects accretion to non-GAAP EPS from the combined transaction is expected to be in a range of about 43c in FY14. Says planing to roll out USA Today content edition in 35 markets by the first week of April. Says "very well" positioned for FY14. Comments made during the company's Q4 earnings conference call.
Gannett sees Q4 EPS $1.00-$1.02, consensus $1.02 Gannett executives at the UBS Global Media and Communications Conference provided an update on the company's ongoing strategy and gave guidance. CFO Victoria Harker said, "Based on the trends we currently see, we estimate fourth quarter EPS to be in the range of $1.00 to $1.02."