Monday, December 11, 2006

Report: Gannett may sell Newsquest

Britain's Sunday Express newspaper says GCI is set to review Newsquest, a move that could lead to its disposal for up to $2.9 billion, this Reuters story says.

MarketWatch has a few more details, saying "Credit Suisse is expected to advise the American company on a review.''

It will be interesting to see how Wall Street reacts when it gets its first chance Monday morning.

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Jim says: "Proceed with caution; this is a free-for-all comment zone. I try to correct or clarify incorrect information. But I can't catch everything. Please keep your posts focused on Gannett and media-related subjects. Note that I occasionally review comments in advance, to reject inappropriate ones. And I ignore hostile posters, and recommend you do, too."

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