Wednesday, January 16, 2008

Gannett stock is soaring higher today

Shares are up more than 6% as I write this post, well above the 0.6% increase in the broader S&P-500 Index.

6 comments:

  1. Jim, do you owned any Gannett stock?

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  2. Fewer than 100 shares. I sold virtually all my GCI in early 2004.

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  3. What is driving the increase? Was it the press release about the new digital hire and the company having two key digital positions?

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  4. Good question. I don't know. Newspaper stocks overall were up today. That usually means some Wall Street analyst issued an upgrade on company XYZ Inc., and that lifted the entire sector.

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  5. i hear the digital exec is close to the venture and banking people, so the rise yesterday was an endorsement of his joining gannett.

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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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