We've had KLAQ on the HD1 radio since September, and we'll soon be launching the HD2 channel.

For those that travel a lot, then satellite radio is probably for them. For time, energy and effort, I think people would rather stay local for their radio listening.

Combined, they only have about 10 million subscribers. You can look at that as being the equivalent of a couple of major cities. I had satellite radio and it was OK, but at the end of the day you want to be connected to what's happening locally so you'll tune in to your local radio stations to find out what's happening there or what concerts are going to be coming to town.

The absence of these events combined with softer ad demand in the auto category unfavorably impacted our broadcasting segment results.

In our newspaper segment we reported advertising gains at our U.S. community newspapers, particularly in classified employment and real estate while auto remained soft.

Two daily newspapers, competing editorially in the city of Detroit. That's the bottom line of today's transactions. Detroit is the winner here, and Gannett is proud we were able to make this happen,