GCI shares plunged anew this morning, trading at a new 10-year low and sending the company's market value below $9 billion, a critical threshold. Gannett's stock sold as low as $38.38 a share in early trading on a day when broader stock market indices fell as well. Stocks of other newspaper publishers also declined.
Gannett's fall came as the company reported that monthly advertising revenue fell in October from a year ago, continuing a trend of lower ad revenues seen during much of the year.
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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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