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We're feeling the squeeze from the latest jobless jump, especially in five U.S. regions (map, left) comprising 12,000 employees, and nearly half of Gannett Blog's traffic. Today, investors are watching shares when trading resumes at 9:30 a.m. ET; Gannett's stock closed at $2.20 a share Friday, down a stunning 32% from a week before. Plus, the Justice Department is probing the Tucson Citizen's sale, after Gannett imposed unusually strict auction rules. Deadline for bids: March 21. The Citizen's likely death -- it would be the first GCI paper to be shuttered in the industry's crisis -- is now less than two weeks away.
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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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