Friday, March 07, 2008

Capping a bad week, GCI closes below $29

Shares in the company fell nearly 1% by the close today, a slightly better showing than the overall market; the S&P-500 Index, a broad measure of the markets, fell a smidge more.

But consider this: In the past two weeks alone -- marked by an uninspired executive appointment, and a bruising revenue report -- Gannett shares have fallen 10%. The S&P: down 6%.

2 comments:

  1. Have you heard that Gracia M. is out? That'd be two of the top 3 in a short time.

    ReplyDelete
  2. With the stock price where it is right now, I am wondering why Gracia is still there. Certainly the board needs to throw out Dubow, (you know,the TV guy running the Paper company), but since we all decided that she runs the company, they might as well start with her first. I can't imagine shareholders won't start acting up demanding more.

    ReplyDelete

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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