USA Today CEO misstates Google litigation damages; company corrects, reaffirms claim of billions in lost revenue

USA TODAY Co., Inc.

CEO Michael Reed on May 5 investor call characterized amounts as estimated damages in Google litigation.
Company clarifies it has not publicly quantified any damage estimate for the Google case.
USA Today maintains Google interfered with billions of dollars in revenue over billions of ad auctions.
Company expects very substantial damages, including automatic treble damages under antitrust law.
Damage estimates are based on Google's own internal documents studying harm to publishers.

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