Update at 2:46 p.m. PT: Shares closed at $30.23, down 4.8% after trading as low as $30.20.
Wall Street didn't cotton to this morning's monthly statistical report, disclosing that Gannett's operating revenue fell 7.5% last month from January 2007. Gannett's stock is down more than 3%, trading at $30.28 -- a new 52-week low -- as I write this. Overall, newspaper stocks fell.
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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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