A reader comments: "Jim, my gut tells me that the best deal for Gannett at this stage, or maybe by year-end, would be sell the Florida properties to the New York Times Group. And refocus the energy into the larger, younger demographic, website savvy markets. All that without a request for a $1.7 million bonus. Real cheap."
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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Is it just me, or did Gannett remove circulation data from its property listings? Were the numbers that bad beyond New Jersey?
ReplyDeleteJim, I'm curious, what are the circulation figures for the other GCI properties?
I hope the prior poster was kidding about selling to NYT company. The NYT companies is divesting itself of properties, not adding.
ReplyDeleteEven the venerable Times is suffering from what newspapers, TV and other media are suffering from...an ad base going to hundreds of other opportunities.
Heck, McClatchy is trying to give away properties and can't find takers. Tribune is sinking and JRC is sunk. Network TV is in the dump. New media? One word: Yahoo.
It is not an easy time for anyone in the media business. But to think someone else (Gateway Media) is rolling in the dough is just not accurate.
It appears from the recent Shareholder meeting the company is doing the right things, or at least that's what the vast majority of shareholders think.