In Gannett’s first earnings call without CEO Craig Dubow, who’s out on medical leave, EVP/CFO Gracia Martore said she has some seen some encouraging signs for stanching the advertising decline in some (unspecified) regions and categories. National ads declined only 12 percent in June, compared to 24 percent the year before. Also strong growth in telecom, pharmaceuticals and entertainment, she said. Retail and employment ads, however, remained weak last month, Martore said.
As for managing its huge debt burden, long-term debt was expected to be around $3.5 billion at the end of the quarter. She added that the company’s revolving credit agreements don