Gannett's stock plunged a whopping 5.2% today, closing at a new 10-year low -- $37.49 a share -- after the company warned fourth-quarter TV revenue would lag results from a year ago. The company's market cap (its ballpark value to a buyer) sank below the crucial $9 billion mark for the first time in years. Gannett's warning spread across the newspaper sector, dragging down shares of other publishers as well. It was a brutal day.[Image: Google Finance]
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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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