Gannett Chairman and CEO Michael Reed weighs in on the state of the news industry following better than expected second quarter results. “[Facebook] is not a friend to the industry, not at all. We do over $3 billion in sales per year between subscriptions, digital marketing solutions…It’s not even a drop in the bucket what the likes of Facebook talks to us about today,” said Gannett Chairman and CEO Michael Reed on Yahoo Finance Live.
Source: Facebook still isn’t a friend to publishers: Gannett CEO
