- News Corp.: $41.2 billion
- E.W. Scripps: $7.0 billion
- Washington Post Co.: $5.7 billion
- Gannett: $4.98 billion
- New York Times Co.: $2.3 billion
GCI's decline yesterday was the worst among my group of major publishers. What's more, although stocks in many industries have gotten clobbered by banking industry and other worries, Gannett's decline has been far, far worse: In the past month alone, GCI shares have tumbled nearly 25%, while the broader S&P-500 Index has dropped a much smaller 6.7%, Google Finance says.
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They are selling real estate in New Jersey. The Courier News building in Bridgewater and the Daily Record building in Morristown are both for sale. Both papers have been consolidated down so small that they no longer need the whole building they used to fill.
ReplyDeleteWhen all the summer interns leave Westchester the entire staff can work out of the cafeteria.
ReplyDeleteI hear Gannett is close to subleasing the USA Today tower. The entire tower!!!
ReplyDeleteMaybe we can throw all them out too. Webber, Bullard, Wilson, Moon, Paulson and all the other corporate waste that live in that tower.
Wouldn't that be USAT or USAW? None of the are in corporate.
ReplyDelete