Gannett expects TV to be down 10%


That’s the estimate for 2007 given by Gannett Broadcasting President Dave Lougee at the UBS Conference, which would put this year’s broadcast revenues, including Captivate, at about 790 million bucks. In addition to the lack of political and Olympic revenues seen last year, Lougee noted that automotive has been sluggish all year, although it is pacing up in the mid single digits for Q4.

Gannett CFO Gracia Martore gave the gathering the company’s first guidance for 2008, but that did not include specific revenue projections. For the TV group (excluding Captivate), “costs are expected to be up low single digits as revenues will benefit from Olympic and political ad spending.”