SAN FRANCISCO (MarketWatch)
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Gannett Co.'s
total advertising revenue fell 14.3% to $347.1 million in May from $404.9 million in May 2007, the media company said late Tuesday. Total revenue declined 10.9% to $536.1 million from $601.4 million a year earlier. The biggest percentage slide last month was in classified ad revenue, which dropped 18.8% to $135.1 million from $166.1 million a year ago.
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SAN FRANCISCO (MarketWatch)
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Staples Inc.
said late Tuesday it received European Commission approval regarding its $2.6 billion takeover of Corporate Express NV
. Staples has already received U.S. and Canadian regulatory approval of the deal, as well as support from Corporate Express shareholders.Market Pulse Stories are Rapid-fire,
short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.