Gannett's stock fell 2%, closing at $35.75 a share -- another record closing low for the decade. And it might have been worse: Late in the day, shares traded at an even lower $35.52 a share before strengthening, Google Finance says.
The stock's continued decline comes as CEO Craig Dubow and other top executives face a critical constituency -- Wall Street analysts -- on Wednesday morning. The top brass are scheduled to talk about "strategic initiatives, particularly its digital strategy, and the company’s outlook for 2008," Gannett says.
Kickoff is at 10 a.m. ET. I might live-blog at least part of it. GCI is webcasting, too; details here.
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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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