Gannett shares its wealth…sort of

September 14, 2006

gannettGannett has given 7 grants to local charities – total $30,500

  • Pensacola Habitat for Humanity: $10,000
  • Belmont Arts and Cultural Board: $5,000
  • South Santa Rosa Interfaith Ministries: $5,000
  • Families Count: $3,500
  • Lifeline Outreach International: $2,500
  • Baptist Healthcare Foundation:$2,500
  • Pace Library: $2,000

The Gannett Foundation grants are down from 2005 when the media giant gave $25,000 to Rebuild Northwest Florida and an addtitional $29,432 to six other non-profits.

In 2004, Gannett saw its revenue jump up 10% last year and its net income had a $100 million gain. Last year,total operating revenues rose 4.3 percent to $7.6 billion, a new record. Net income was only $1.21 billion.

We appreciate Gannett sharing .000025416666666666666 of its profits with the community.

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3 Responses to “Gannett shares its wealth…sort of”

  1. Anonymous Says:

    Why do they have to share any of it??

  2. Rick Outzen Says:

    That’s exactly how their shareholders feel.

  3. Anonymous Says:

    Why can’t a Lib say “thanks” for what was given??

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