Monday, March 09, 2009
Monday | March 9 | Your News & Comments
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107 comments:
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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Sure is lonely here.
ReplyDeletehey ... can we post here when we're on furlough?
At my site, I'm never ever supposed to post here or even look at it. So i do it every day.
ReplyDeleteHappy furlough. Mine is over and I want another!
I believe our pension is protected by the Pension Benefit Guarantee Corp if the company files bankruptcy and is unable to payout benefits.
ReplyDeletehttp://www.pbgc.gov/workers-retirees/benefits-information/content/page13181.html
The writing is on the wall, people. Gannett will NOT be able to refinance its debt obligations that come due starting in 2009. No one will loan them the money with the current economic climate. The brass at Gannett already knows this.
ReplyDeleteSecondly, there must be another BIG wave of layoffs on the way. Things are bad for all companies and Gannett is not immune from this. They should at least have the courtesy to to tell us the percentage of layoffs and when. If they don't layoff then it will force them into bankruptcy that much sooner.
Craig BuBow should not have his job right now. This man never had a clue of how to run a newspaper company. He instilled a lot of false hope in people to explore different types of media, but when the old guard had to lay off folks they intentionally went after the people who tried to focus on Craig's new initiatives.
Craig DuBow sold out a LOT of us who believed that we could make a difference by doing "new" things. He should be ashamed for that. By embracing new technologies and ideas, it just angered the old guard that much more. Shame on you, Craig.
You can count on this: Craig will have to walk this company into bankruptcy, however he won't be the one appointed to lead it on the other end.
BTW: my word verification word is "intelect" ... too funny.
Saaaay ... my word verification was "douchebag." Should I read something into that?
ReplyDeleteGannett's problem is it WANTED to be an information company.
ReplyDeleteIn the end it was just another newspaper company, and sadly not a very good one.
I have never met Jim, but I'd like to make a pitch for the blog. I just sent him $20, and hope to repeat this every month, until my buyout money runs out. This blog is important. First of all, it gives us, current and former employees, a chance to vent and see what's happening at other properties. But, mostly, I want to encourage the journalism that's being done here. There is news here, news that you won't find anywhere else, and certainly not on the company Website. I'd like to encourage everyone to give what they can so Jim can keep this blog operating. It's important.
ReplyDelete12:05 pm: Thank you for that wonderful endorsement!
ReplyDelete"I just sent him $20, and hope to repeat this every month, until my buyout money runs out."
ReplyDeleteYou'd be better off lighting a $20 bill on fire every month.
"There is news here, news that you won't find anywhere else"
Most of it is unsourced and has little credibility. Thus, it's not news.
I'm not sure that the current pension plan is covered by PBGC.
ReplyDeleteThe pre-1998 plan is a "defined benefit" plan --- that is what you get is based on a formula.
So it for sure is covered.
I think (and I could be very wrong on this) the plan for current employees is a "defined contribution" plan.
IF is "defined contribution" it would appear to not be covered.
This is from the PBGC website:
Q. What types of plans are insured by PBGC?
A. PBGC insures defined benefit plans, the type that promise to pay a specific monthly benefit at retirement. PBGC does not insure retirement plans that do not promise specific benefit amounts ("defined contribution plans"), such as profit-sharing or 401(k) plans.
Someone mentioned before that if GCI does go bankrupt, those owed "pension" money would have to stand in line with the other creditors in hopes of getting pennies on the dollar.
This is not a pretty picture and something those who could be affected should ascertain one way or the other.
That money you think is there may not be.
Nice investigative peice in Indy - kinda surprising, too!
ReplyDeleteIt is to bad that MOST Ganett newspapers have neither the people power nor the experience to hanfle such complex projects.
In December, many of the really good staffers were fired .... er... laid off.
And at many site, they just don't have the people. And the people they do have would be clueless about such a series of artiles.
Very sad.
If you are part of a layoff, TAKE THE LUMP SUM if Gannett were to go into bankruptcy the courts will stop all payments to former employees at the time of the ruling.
ReplyDeleteIn 1998, Gannett changed it's pension plan from a defined benefit to a defined contribution.
ReplyDeleteThe selling point on this was it makes the pension plan portable since you can get your pension money when you leave after 5 years whether you are 26 years old or 66. Age doesn't matter.
Under the old plan, you had to be at least 55 to draw your pension.
Those persons whose age and years of service added up to 75 stayed in the old plan.
This is how I understand the pre-1998 plan works.
Take the average of your five HIGHEST years of service (that won't always be the last five years) that includes overtime, bonuses (never saw those at my level in the newsroom).
That is the base.
Then, you get 2% for each year of service up to 25 years.
After 25 years, you get only .7% (yep, seven tenths of a percent - "we cherish our older workers") for each year after that.
Multiply that out to get what your pension should be.
But the cheap bastards then deduct 1/2 of what they estimate your social security payment will be AND they estimate years before and after you have left Gannett for a 35 year period. So that way, they are stealing -- oops, taking credit for what your previous or subsequent employer paid.
Their excuse for the confiscation , oops, there I go again, "offset" is they paid half.
Oh, and don't forget if you want your spouse to receive 100% of your pension after you die, whack another 17% off.
In my case these deductions took my $35K pension down to about $21K in my pocket.
One other benefit of being a Gannett retiree is the privilege of paying them $15,600 per year for Gannett retiree health insurance.
Which, unless you are insured say under a spouses plan, you probably will have to take since most folks in their 60's have "pre-existing" conditions which make individual health plans virtually impossible to buy.
Out of fairness, I will say the health plan is very good.
Prior to sometime in the mid-90's, retirees received health insurance benefits as part of their package. That's why there was a major exit of older folks in about 1994 or so prior to that going into effect.
All in all, the Gannett pre-1998 plan isn't a pretty picture.
But I think is probably better than the poor folks still in Gannett clutches are looking at under the "new" plan.
As I remember when they switched, I calculated that under the new plan I would get about two year's of pay as my pension --- AND that was with the extra 3 or 4 % they added on top of the base 4% contribution for the older people switched into the plan to keep age discrimination suits at bay.
True Binghamton was partnered with Utica on the classified side until Utica was sold. I suppose such an arrangement with Roch would be possible, but, as you pointed out, the retail side would never work, its a 4 hour drive between the two sites on a good day.
ReplyDeleteProduction systems at each site are also radically different so Im not sure how things would mesh together....it would be a real...umm......cluster.
3/09/2009 6:45 AM
ReplyDeleteBUT IT IS POSSIBLE....Right? A lot of things are possible if we pull together, it is not all Gannett going down it every company in the US but we just happen to work for Gannett! All this BS and crying is wasted energy....fine for venting but let get things done!
McClatchy's cutting 15 percent - 1,600 jobs.
ReplyDeleteI second the earlier post suggesting that everyone make donations to this blog's continuation and survival. This is our ONLY source of information and it is an important means of allowing us to vent. Please donate,
ReplyDeleteOk folks let get it together!! Lets solve it! It's all blue sky! But we can as a team solve some Gannett problems!! or else right?
ReplyDeletehttp://www.youtube.com/watch?v=_0v07InoFiU&feature=related
Then you know what we can learn how to re-fly!!!
ReplyDeletehttp://www.youtube.com/watch?v=xb-Nacm-pKc&NR=1
Before I left the Gannett paper that was my last gig in newspapering, I was pretty sure they were using keystroke loggers to monitor our work patterns, so I would randomly type rude things about management on my keyboard. It worked! My reviews became more and more negative, I was demoted and after six months of my ZengerMillered boss's "special treatment," it was over and I was gone. Bigg Bossie wouldn't even look me in the eye to say, "Good Morning" when we passed in the hallway. Such honesty, such openess! Yay, the happy Gannetteer!
ReplyDeleteAren't any of Gannett's papers doing OK? Are they ALL tanking? Our paper would do better if we could get out on time more than not, but the person(s) in charge of circulation don't have a clue.
ReplyDeleteI'd like to see us split back to our own entity again. We did much better then. Any others thinking that way? Any hint that might happen?
Craig Debow won, get over it and follow his lead. Support CraigDebow.com.
ReplyDeleteIn response to 8:40am. I'm at a paper that is holding it's own. We are losing some circulation (most of it has to do with complaints about no local customer service, the "new" billing system, and now no re-delivery. We're kind of a small paper, but until this month anyway we keep being told that our paper is doing ok. We still get the hammer when Gannett says chop ____% whether it be people of $.
ReplyDeleteYesterday, Sunday, someone posted this: "Company reviewing what real strategies for savings it can deploy versus fingers, toes and arms."
ReplyDeleteHow about getting rid of Dubow and his financial lady and putting some new folks in at reasonable salaries, plus deletiing all of the un needed people who are only at HQ and many of the community papers because they are friends of "someone" who also should go out the door. Another suggestion, cut the salaries in half of all publishers and OC members most of whom are way over paid? It would be interesting to see some input from around the country suggesting (by dept and position) who are not really needed or are incompetent or are over paid!!!
New York Times is selling part of its headquarters building to raise cash:
ReplyDeletehttp://www.nytimes.com/2009/03/10/business/media/10paper.html?_r=1&hp
Springfield News-Leader Publisher Don Wyatt announces today that Monday and Tuesday papers going to two sections instead of four. He frames it as an improvement because people will know where to find things such as Dear Abby without hunting for them. He says nothing will be left out, but today's paper is particularly missing local and national news. Classifieds cover three pages. Entire paper is 28 pages.
ReplyDeleteMeanwhile, Wyatt announced last last week that the ill-conceived "Shopping Diva" page has been cut; no word on what happened to the Diva herself, who was hired to produce that advertiser-friendly position.
@8:32 - what you didn't realize is that they were also tracking your brain waves and knew what you were thinking at all times. the key stroke logger was just for verification. it's possible that the haven't disconnected you yet so you may want to get a tin foil hat...
ReplyDeleteWhen did Don Wyatt get promoted to Publisher? I thought he was the Executive Editor.
ReplyDeleteRe Wyatt. My mistake. Still EE.
ReplyDeleteMy word verification: Mentaste.
3/09/2009 9:32 AM and others repeatedly post their disregard for their colleagues, finding others to be incompetent, overpaid, lazy, disagreeable and generally inferior to themselves.
ReplyDeleteThat was not my experience in any of the Gannett newspapers where I worked. I don't know any who didn't work hard and earn every penny they were paid. There was awesome talent in the newsroom and a lot of journalism going on. Well, except for the old obit writer who used to fall asleep with his head resting on the top of his terminal. But they moved him to advertising, where he fit right in.
I think the "sky is falling" on the wonderful world of GCI. What do you think "New Jersey Rocks." We all know you have the inside scoop!!!
ReplyDeleteHere's the super-inside, double-secret on background, emabargoed-until-the-end-of-time scoop:
ReplyDeleteReady?
I asked, are you ready?
Come on gannettblog, I can't hear you. ARE YOU READY?
\m/ NEW JERSEY PAPERS ROCK \m/
"@8:32 - what you didn't realize is that they were also tracking your brain waves and knew what you were thinking at all times. the key stroke logger was just for verification. it's possible that the haven't disconnected you yet so you may want to get a tin foil hat...
ReplyDelete3/09/2009 9:55 AM"
You don't have to wake up. Just keep repeating, "The Company Loves Me, The Company Loves Me!"
Pretend everything is OHKAY!
Happy motoring!
http://www.kunstler.com/
9:32:
ReplyDeleteWouldn't it be a lot easier and make the list a lot shorter if we only listed the competent ones who should be kept? I can think of a few who fall into that category, but not many.
I have a pyramid hat - so I'll be EE when all of you have been canned for unkind thoughts towards the crystal palace.
ReplyDeleteI also have a layoff spidey sense, so I know when to hide and when to run.... sucks to be you!
Hey Jim can you find out for us how many shares the top 3 exec. own each!! Think it would be interesting to know thanks for an amazing blog
ReplyDeletehttp://www.msnbc.msn.com/id/29554931/
ReplyDeleteInteresting information on the increasing numbers of job bias claims.
When the log goes down we'll all be dead...............
ReplyDeleteDon't for a minute think Gannett is not profitable. It is making money, just not at the 35 percent profit margins it used to. Last thing I read put profits at 18-20 percent, numbers we all would kill for to have in our own personal portfolios. Heck, even HALF that.
ReplyDeleteThat is what makes all the staff reductions, crying poor, furloughs etc. even more cynical and rancid.
Profitable is not the issue. The issue with GCI and other highly leveraged companies is the debt. Revenues are collapsing, as we all know, and the question is whether Corporate will have enough money (profits) to pay the debt payments. This company has $4 billion of debts, and yet a net worth of $400 million, and falling. It has to come up with $240 million each year to pay the interest on the debt, or $60 million in each quarter. As we will see when QI results are released next month, GCI is now struggling to stay ahead of the creditors.
ReplyDelete$1.97 down 10.45% just today -- sheesh
ReplyDeleteHeard this over the weekend on NPR... to the effect that the auto companies simply can't cut costs fast enough to stay alive.
ReplyDeleteI wonder if the same thing's true for Gannett, given the level of debt.
" I GOT THE SCOOP "
ReplyDelete"NEW JERSEY PAPER ROCKS"
So what is the deal on the second quarter? Do we face layoffs, another furlough or a pay cut? Is corporate not talking or does the silence on the future mean there's no plan yet?
ReplyDeleteThe recent dividend cut will free up $325 million annually to pay down debt. Plus, the company is still making much more than $60 million a quarter.
ReplyDeleteJim's blog will go bankrupt just like Gannett. As Gannett's stock declines, so does Jim's donations.
ReplyDeleteSmart investors & employees (note, I said employees, not you dead beats that have been laid off as you can't afford $20) would buy Gannett's stock at $1.96 a share for $20, gets you 10 shares!!! You will have a better chance of making money than just throwing it away and giving it to Jim so he can get revenge and bitch about anyone who makes more than a blogger of a newspaper company.
Life sucks Jim when cling on to a loser. You might want to broaden your blog beyond Gannett if you and your viewers are seeking the demise of Gannett.
Choice:
1. Give Jim $20, get nothing in return
2. Buy 10 shares at $1.96 for $19.60 and roll the dice on success (success that YOU can HELP with).
FWIW: Which big-city dailies are headed for the morgue?
ReplyDeletehttp://news.yahoo.com/s/time/20090309/us_time/08599188378500
Sincerely,
Mr. Whipple
anon 1:45p...Totally agree with you. It appears that Jim and his "poor" followers will eventually disappear. They too will run out of money and time (and most likely lose their jobs).
ReplyDeleteThey should invest in this company and making it great instead of sitting on the side bitching and complaining.
Down down down down gone
ReplyDeleteTWO WEEK FURLOUGHS ARE COMING PLUS LAYOFFS (READ: NOT BUYOUTS!!!!)
ReplyDeleteOn the count of THREE...One, Two, Three...
ReplyDeleteLARRY ST. CYR TO THE RESCUE!!!!!
Anon 1:45p Right on!
ReplyDeleteTo Eats and Licks:
ReplyDeleteI heard the same thing from my President/Pub. Two week furloughs and big time layoffs
1:45 PM: There's a sucker born every minute.
ReplyDeleteWow.... $1.95 a share?
ReplyDeleteI should go out and but 400 or so shares of stock atr that price! Can't go wrong!
No wait, I forgot... I am NOT completely insane.
Dumb idea!
1:45, the words "success" and "Gannett" don't even belong in the same sentence, except in this instance, to point out the disparity.
ReplyDeleteHey Jim: Are you familiar with the structure of the company? Are there still any family members with super-stocks that have greater voting power. Or is everything in the market, and someone could indeed buy this company with $250 million to get a majority of votes and take it over?
ReplyDelete2:08 pm: Gannett has just one class of stock; there is no B-class, with super-voting rights, such as the Sulzberger family has in its control of the New York Times Co.
ReplyDeleteI do not know what stakes, if any, members of the Frank Gannett or Paul Miller families may still hold in the company.
Story on small business owners and operators cutting THEIR OWN salaries before making employees take the hit. GCI folks could learn something from "the little people."
ReplyDeletehttp://money.cnn.com/2009/03/05/smallbusiness/pay_cuts_for_entrepreneurs.smb/index.htm
Not much longer and Gannett stock will be worth less than a sunday paper.
ReplyDeleteWith the stock tanking and downgraded to junk, is there anyway they can 1. pay off their debt, 2. get it restructured or 3. get a loan to stay afloat?
ReplyDeleteI don't see any of those happening.
Time has a list of 10 newspapers that they say will either fold or go digital this year;
ReplyDelete1. The Philadelphia Daily News.
2. The Minneapolis Star Tribune
3. The Miami Herald
4. The Detroit News
5. The Boston Globe
6. The San Francisco Chronicle
7. The Chicago Sun Times
8. NY Daily News
9. The Fort Worth Star Telegram
10. The Cleveland Plain Dealer
Link here: http://www.time.com/time/business/article/0,8599,1883785,00.html
Does anybody have an idea of a hypothetical timeline for future events? For example, when do we find out if Gannett is able to make the next debt payment?
ReplyDeleteAs someone who admittedly doesn't know much about corporate finance, this information would be helpful.
note that gannett's yield is over 8% again
ReplyDeleteMemo to Craig DuBow:
ReplyDeleteTime for you to retire.
You surely must be ashamed that you have taken this company down to almost nothing.
How about buying Gannett stock at, say, $57 a share, rolling the dice and have it end up at $1.96? OUCH!
ReplyDeleteDouble OUCH!
Thanks 1:45 for reminding me to send Jim a check
ReplyDelete1:45, do you have a heart and/or a soul? You've got to be kidding that Jim doesn't give us anything. Just don't bother logging on. Jim, the check is coming.
ReplyDeleteDon't think bk is anywhere close. There is one last-ditch effort Dubow could make to avoid it, and that is by issuing tons of more GCI stock. It would dilute or wipe out the holdings of current stockholders, but it would also raise cash that corporate needs to pay debt payments, etc.
ReplyDelete4:22 Or issue bonds to retire the long-term debt. With the recent downgrades, they would probably carry incredible 25 percent interest rates, but they probably would be bought at that price. and it would stretch out the debt.
ReplyDeleteJoe Duffus to the rescue!!!!!!!!!!!
ReplyDelete1:45 and 1:48
ReplyDeleteJim will be around much longer than you will be at Gannnett.
One big difference between Jim and Gannett is that people want to read Jim's Blog.
Put the cool-aid down, take your head out of the sand and watch out for your ass to be thrown to the street.
4:25
ReplyDeleteDuBlow can try to sell bonds yes, who the heck will buy the junk bonds?
Regardless of the yield, Gannett is poison, No BUyers.
@11:18
ReplyDelete"They should at least have the courtesy to to tell us the percentage of layoffs and when."
For starters, maybe Gannett doesn't know yet.
People don't know exactly what they want with respect to layoff awareness. When the first round was carried out in the shadows of the night, people screamed bloody murder. Given advance notice for the second round, people called it slow torture. Advance notice at least gives you the chance to restructure your finances.
No retirement for DuBlow, as in all good captains do, he will go down with his ship.
ReplyDeleteI think someone will do a movie about the avarice and gross incompetence that caused the demise of this company someday.
ReplyDeleteUnfortunately, the best title for it has already been taken: http://www.imdb.com/title/tt0086336
To 5:09: You wrote "good" captains. And there's the mistake.
ReplyDeleteWhat's causing the stock to fall so far so fast? Is it people shorting the stock? Can Gannett service it's debt and refinance this year?
ReplyDeleteDubow will not go down with the ship. I would not be surprised to find him taking a new job in some federal govenment agency or with AIG or one of the big banks who can get away with mismanagement and then all of us have to pay. On the other hand, isn't that what's going on now? Mismanagement but he and the others continue to get the big money, bonuses and golden parachutes while the rest of us get screwed. Gee, no difference between Gannett and the others mentioned above.
ReplyDelete6:00 What reason is there for the stock to go up? Revenues are declining, advertising has collapsed, and I suspect circulation is going to show a double-digit hit this August. There is a March mid-year review of circulation, which I doubt will be good news to the Crystal Towers. TV traditionally has provided profits in years when newspaper ads have swooned, but not in this recession. So there is no good news that would propel the stock upwards.
ReplyDeleteGCI should have sufficient reviews to make its debt payments this year, but renewal of the debt (I believe it is actually scheduled next year) is going to be very expensive. One consequence of allowing GCI's credit rating to sink to junk levels is that interest rates for debt will go up into stratospheric levels. Even then, as well all know, banks are not giving out loans, especially to companies that are troubled.
6:00 If you had a spare $1000, would you invest it in Gannett? Or would you put the money in Google stock? Which one is likely to survive?
ReplyDeleteInteresting site here. But separating fact from fiction I a tough. Gannett has cash and cash flow, more than enough to cover debt. Unfortunately cash flow is falling because in part advertising declines.
ReplyDeleteMcclatchy is in much worse shape since overpayin for knight ridder. In perspective if Gannett were to cut similar to McClatchy it would have to cut 4,000 jobs.
Saw where greatgoogle was down 20 bucks today and selling down 60percent from it's high. It is ugly out there.
If GCI follows with layoffs on the level of cuts and layoffs announced by McClathcy, we are facing 6,000 layoffs next month. MNI is cutting 15 percent of its payroll.
ReplyDeleteParts of this company will live on after bankruptcy. Could they sell USA Today now to raise cash?
ReplyDeleteUSA Today has a fatal flaw. It has no printing plant of its own. It would be incredibly expensive for anyone buying USA Today to negotiate new contracts to print it. Others on this blog insist that USAT is not dependent on community newspapers to continue to publish, but I believe the reason no one is interested in USA Today is they cannot see how it will be economic to make it work without the community newspaper support GCI provides.
ReplyDelete7 pm: What about Rupert Murdoch and his News Corp.? He reportedly liked USA Today at $1 billion, a decade or so ago. Plus, couldn't he solve the printing obstacle by making that contract part of the existing one for his national daily: The Wall Street Journal?
ReplyDeleteJim Dandy to the rescue!
ReplyDeleteThat's been an fallacy for a long time... that USA TODAY could not exist without the partner sites that print it, especially those that are owned by Gannett. There is so much available press capacity today, that it would be quite simple to find other places to print USA TODAY (probably at a lower cost). USA TODAY has always over paid for production... the model allows other Gannett sites to charge USA TODAY for time when people are doing other things that have nothing to do with the Nation's Newspaper.
ReplyDeleteOne could argue that it would actually be cheaper for USA TODAY to be printed by contract locations, at least on its own P/L statement.
These are sad times. I worked for 3 Gannett papers and loved my job, right up to the day I was laid off. I love newspapers and have no animosity to the company, just disdain for the blindly arrogant leadership at the very top for the past few years. McCorkindale should be deeply ashamed. I learned a lot from my time at Gannett, which gave me the skills to get the great job I have today.
ReplyDeleteSo who was it that came on here over the weekend telling us all that we would hear an announcement of furloughs and layoffs on Monday (today)? Ya........I didn't get that email, did anyone else?
ReplyDeleteNice rumor you started there....
McClatchy has been laying people off since June of last year. This is the fourth round for many MNI papers. How many rounds has Gannett had? Two?
ReplyDeleteGannett is a long way off from being done.
McClatchy is doing everything it can to avoid bankruptcy now, because (in my opinion only) they realized last year it was later than they thought.
I imagine Dubow and Gary Pruitt are exchanging love notes.
Craig:
It's later than you think.
Kisses, Gary
Ken Berry to the rescue!
ReplyDeleteGannett always was a springboard for talent.
ReplyDeleteThey never cared much for letting the
gifted graze off to better land.
At my GCI location, for many years, leaving Ganett = success.
Just a shame but just a shame.
The Shopping Diva proved to be a great place for local businesses in Springfield. They actually thought the newspaper cared for them! So what do Don Wyatt and TOm Bookstaver do? They get rid of her last week but don't tell the advertising department until this morning! I can't wait to go and tell my customers that! And they wonder why the local businesses don't care for the paper?!?! Let's show them we care-raise the rates!
ReplyDeleteWhat is Mr Albrecht doing I figured he would have fixed this Gannett issue. I always heard Bill Albrect to the rescue.
ReplyDeleteA few are still getting award even with the company in the tank. Good time to buy the worthless junk.
ReplyDeleteStock options: Exercise, Award, Grant, Conversion
Transaction
& Date Reported
Date Exercisable
Expiration Company Symbol Insider
Relationship Shares
Traded Conversion
Price Shares
Ownership Filing
2009-02-25
Option Award 2009-02-27
4:23 pm N/A
2017-02-24 GANNETT CO INC GCI Lougee David T
(Pres/Broadcasting Division) 85,000 $3.75 85,000
(Direct) View
2009-02-02
Option Award 2009-02-27
4:23 pm N/A
N/A GANNETT CO INC GCI Lougee David T
(Pres/Broadcasting Division) 2,158 $0 2,158
(Direct) View
2009-02-25
Option Award 2009-02-27
4:23 pm N/A
2017-02-24 GANNETT CO INC GCI Louis John Jeffry
(Director) 14,667 $3.75 14,667
(Direct) View
2009-02-25
Option Award 2009-02-27
4:22 pm N/A
2017-02-24 GANNETT CO INC GCI Saridakis Christopher D
(Senior VP & Chief Digital Ofc.) 96,000 $3.75 96,000
(Direct) View
2009-02-02
Option Award 2009-02-27
4:22 pm N/A
N/A GANNETT CO INC GCI Saridakis Christopher D
(Senior VP & Chief Digital Ofc.) 1,962 $0 1,962
(Direct) View
2009-02-25
Option Award 2009-02-27
4:21 pm N/A
2017-02-24 GANNETT CO INC GCI EHRMAN DANIEL S JR
(VP/Planning and Development) 21,000 $3.75 21,000
(Direct) View
2009-02-25
Option Award 2009-02-27
4:21 pm N/A
2017-02-24 GANNETT CO INC GCI Wimmer Kurt A
(Senior VP/General Counsel) 60,000 $3.75 60,000
(Direct) View
2009-02-02
Option Award 2009-02-27
4:21 pm N/A
N/A GANNETT CO INC GCI Wimmer Kurt A
(Senior VP/General Counsel) 2,236 $0 5,207
(Direct) View
2009-02-25
Option Award 2009-02-27
4:20 pm N/A
2017-02-24 GANNETT CO INC GCI DAVIDSON PAUL
(Chief Exec/Newsquest Media Grp) 65,000 $3.75 65,000
(Direct) View
2009-02-25
Option Award 2009-02-27
4:20 pm N/A
2017-02-24 GANNETT CO INC GCI MARTORE GRACIA C
(Exec. Vice President and CFO) 200,000 $3.75 200,000
(Direct) View
2009-02-25
Option Award 2009-02-27
4:19 pm N/A
2017-02-24 GANNETT CO INC GCI Horning Roxanne V
(Senior VP/Human Resources) 34,000 $3.75 34,000
(Direct) View
2009-02-25
Option Award 2009-02-27
4:18 pm N/A
2017-02-24 GANNETT CO INC GCI Williams John A
(Pres - Gannett Digital) 96,000 $3.75 96,000
(Direct) View
2009-02-25
Option Award 2009-02-27
4:18 pm N/A
2017-02-24 GANNETT CO INC GCI Van Lare Wendell J
(Senior VP/Labor Relations) 34,000 $3.75 34,000
(Direct) View
2009-02-25
Option Award 2009-02-27
4:17 pm N/A
2017-02-24 GANNETT CO INC GCI MOON CRAIG
(Pres./Publisher of USA Today) 65,000 $3.75 65,000
(Direct) View
2009-02-25
Option Award 2009-02-27
4:16 pm N/A
2017-02-24 GANNETT CO INC GCI Dickey Robert J.
(Pres./US Community Publishing) 120,000 $3.75 120,000
(Direct) View
2009-02-25
Option Award 2009-02-27
4:15 pm N/A
2017-02-24 GANNETT CO INC GCI DUBOW CRAIG A
(Chairman, Pres. & CEO
Director) 500,000 $3.75 500,000
(Direct) View
http://www.secform4.com/insider-trading/39899.htm
http://marketingconference.naa.org/conference_program.cfm
ReplyDeleteGannett's wonder child Chris is speaking.
9:01,
ReplyDeleteThe Shopping Diva seems to be doing well in Nashville.
Hey alarmists. Gannett is still making money and is paying down debt. They are nowhere near bankruptcy. In fact, Gannett continues to earn cash that will pay down the debt. So calm down!
ReplyDeleteSorry to disappoint some of you people who are dying to see Gannett go down in flames.
Just learned the USA TODAY publisher Craig Moon is on furlough.
ReplyDeleteWhat a bizarre circumstance our industry is in.
8:04 Yes, Jim, but that was about a decade ago, and before Murdoch bought the Wall Street Journal, and Dubow led the effort to degrade USAT.
ReplyDeleteNow with the WSJ, Murdoch is clearly heading to establish a national paper. So why would he need USAT?
Furthermore, USAT is not as widely circulated as it was a decade ago, and so not as much of an attractive property as when Murdoch eyed it. The circulation is now spotty, and it has withdrawn from some cities because the advertising demographics are not attractive to major advertisers. It has given up on smaller towns because of the expense, and the dollar-chiseling shows. It is not published either in Hawaii or Alaska, so it can no longer claim to be a national papers.
But what is fatal, IMO, is that it no longer is geared to younger people, but to the baby boomers born between 1946 and 1964. Look at all the stories on retirement, travel, leisure, grandchildren, caring for the elderly, second homes, career changes, health issues, health insurance issues, 401k’s, etc., and you will see its target audience. Unfortunately, they are fast dying off, and advertisers know this, and are sending their dollars elsewhere.
10:48: If baby boomers were 'fast dying off' like you say social secutiry and medicare would not be in trouble. the oldest baby boomer is just turning 63, the youngest is only 45. check your facts. we will be around a lot longer than you think and by sheer numbers we have the most purchasing power. And we grew up reading newspapers adn would be still be reading them, if they had not become more youth oriented. you could keep newspapers going for 20 more years if you paid more attention to that market.
ReplyDeleteHave any other markets gotten rid of Shopping Diva?
ReplyDeleteSorry, 10:48 pm: USAT audited circulation remained 2.2M in 2008, right where it was in 1998. What other paper in the top 50 can say that? Not WSJ and certainly not NYT.
ReplyDeleteUSAT's readership remains much younger than the newspaper industry average, below local TV news and way below network TV news.
To 8:36 p.m. too bad you can't separate the wheat from the chaff. Some people just want to instigate.
ReplyDeleteWhy does a company wanting to go online layoff all the graphic artists, have the work done in India, and then find out later that you cannot send very many online ads to India "because it is cost prohibitive" due to being an online ad. So if you want to be an online company, and you are left with no graphic artists to do the online ads that cannot be sent to india anymore over and "the number has to be managed". Hmmm aren't you left with having to hire back graphic artists?
ReplyDeleteWhere is the thinking in all this? Did no one look at the cost to send ads online before you laid off all our workers? Des Moines Register looks like you better get to hiring. Maybe that's why Laura Hollingsworth is coming Wednesday for an advertising meeting and is "excited". We now have to print Wall Street Journal and Barron's at DSM and have to hire 6 more pressmen after laying most of them off already.
I'd like to know who in the world is telling people (readers, advertisers) that Boomers are dying off at a rapid pace. I'd also like to know why in the world news organizations are believeing this and planning accordingly.
ReplyDeleteYou ain't seen nothing yet. It won't be that long until one in every four people will be 65 or older.