UPDATE: Gannett Q4 Profit Drops 12%

Gannett Co (NYSE: GCI ) reported a 12% drop in its fourth-quarter earnings. Gannett's quarterly profit declined to $103.1 million, or $0.44 per share, from $116.9 million, or $0.49 per share, in the year-ago period. Excluding other items, its adjusted earnings rose to $0.89 from $0.72 per share. Its revenue