The financial weekly says GCI could more than double its dividend, to $4 a year, or spin off its television business to "placate shareholders who have watched rival publisher Tribune receive a buyout bid,'' this Reuters story says.
From Barron's (paid subscription required) : "Its current dividend policy seems stingy. Given the challenges in the industry, it might have to rethink its conservative financial and corporate strategy. Unlike New York Times, Dow Jones (DJ, the publisher of Barron's) and Washington Post (WPO), Gannett doesn't have a controlling family or super-voting stock. If the company doesn't move, it could attract activist investors who would seek to force change."
Wall Street is warming to the idea this morning: GCI is up as much as 2%.
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