- Moon blinks: Scrambling for revenue, USA Today hired a Time Inc. veteran as its new advertising sales chief.
- Family values: GCI invested a reported $8 million in a technology start-up focused on the busy-family market.
- Stock shock: After another plunge in monthly revenue, Wall Street hammered Gannett shares to a 16-year low.
Monday, June 23, 2008
Monday Recap: Like pigs, our options are all wet!
Posts you might have missed last week, while Iowa papers (and hogs!) struggled to stay above water:
2 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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Also, Seeking Alpha calls Gannett a "value trap" today...
ReplyDeletehttp://tinyurl.com/5cuazy
...and also just flat out says that having "greedy management" isn't helping things.
That's a pretty damn interesting link there. Lot of salient points that basically says that $22 a share is going to look pretty good in the not-too-distant future.
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