Gannett stock: It happened this week

This chart compares the past week's performance of Gannett shares (blue line) with the S&P-500 Index (red line), a broad measure of the overall stock market. GCI shares fell 2.5% vs. a 1.6% rise in the S&P index as investors focused on whether the Federal Reserve will cut interest rates next Tuesday.

Gannett investors had little to cheer during the past five days, given top management's lackluster presentation at a high-profile media stock analysts conference on Wednesday; shares fell the day before the meeting and didn't recover. Indeed, GCI performed worse during the week than every major newspaper publisher I track. The group's performance over the five days, based on Friday's closing prices:

• McClatchy: up 1.9%
• New York Times Co.: up 1.8%
• News Corp.: up 1.4%
• Belo: up 0.4%
• E.W. Scripps: up 0.4%
• Dow Jones & Co: up 0.3%
• Washington Post: down 0.8%
• Gannett: down 2.5%

[Data: Google Finance]