The Walt Disney Company reported weaker than expected sales as demand weakened in several of it’s businesses including advertising, DVD sales, product licensing and lower theme park attendance. Total profit for the fiscal first quarter dropped 32% year over year.
Gannett Publishing is the largest newspaper publisher in the United States. The Publishing company which owns the popular USA Today reported a sharp drop in earnings as it’s major source of income; advertisements, drops. The company cut about 10 percent of it’s workforce late last year in response to a dwindling market for print news papers.
Even with the reduced earnings, Gannet is regarded as one of the fiscally healthy publishers.
