Friday, December 14, 2007
Market rout continues; Gannett shares plunge
GCI's stock tumbled nearly 3% this morning, trading as low as $34.34 a share and sending Gannett's crucial market capitalization briefly below $8 billion. The fall means GCI's market value has dropped a full $1 billion in the past four weeks alone. A reminder: why that's not a good thing.
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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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