The company, which took on the name Gannett, generated total revenue of $1.05 billion in the quarter, down 9.7% from a year earlier, due largely to print revenue declines.
New Media acquired the larger Gannett, renamed itself and began combining operations of the two companies.
Adjusted earnings before interest, taxes, depreciation and amortization totaled $141.2 million for the quarter, which was down 19% from the same period a year earlier.
The company – whose more than 260 media properties include the Arizona Republic, Columbus Dispatch, Detroit Free Press and Austin American-Statesman – also reported a 25.3% increase in digital subscriptions to 812,000 when their figures are combined. Paid online subscriptions are viewed as critical to the success of media companies in the digital age, due to declining newspaper dollars.
Gannett executives have said the merger is designed to pave the way for a digital transformation of the company.
Print advertising revenue totaled $334 million in the fourth quarter. When factoring out one-time effects, Gannett's print ad revenue fell 18.4%. Those figures reflect the industry's challenges as readers and advertisers shift online.
The company is reducing its reliance on print and diversifying its revenue with investments in marketing services and other digital products. Digital advertising and marketing services revenue totaled $150 million for the period.
The company said advertising was weaker than expected due primarily to disruption from the merger.