Regarding Gannett's new second-quarter results, a reader says: "Yes, total revenue came in even less than expected. But expenses were also lower than expected. So the bottom line was about where everyone expected. I hope investors realize Gannett is a company retooling for the long-term and that it's going to take time for the plan to work and for the general economy to improve."Join the debate, in the original post.
Must give plan time to work? So what happens when the stock hits $5 a share in October?
ReplyDeleteCraig Dubow has had three years (and one day) as CEO to work his plan. That's more than enough time. Gannett doesn't even give its publishers and directors that much time to fix problems when revenue is bad. Why is Craig getting a pass? Gracia, too, for that matter.
ReplyDeleteIf the Board of Directors doesn't have Craig and Gracia on PIPs (performance improvement plans), they should be. But, alas, they're probably only on double-secret probation.
Time for change. Period.
What investors need to do is invest in a private survey of all current and past year Gannett employees. Then you will see why Gannett is Gannett.
ReplyDeleteWhat plan?
ReplyDeleteAll I see is a loose conglomeration of vague ideas that have almost no collective value.
LIC is going to save us? Are you serious?
An analyst speaks ...
ReplyDeletehttp://tinyurl.com/5ko66l
His conclusion: "I had hoped to be able to consider Gannett a long following the second-quarter report. I can't do that based on what I learned. But if I were short, I'd be covering for the time being as the damage is done."
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ReplyDeleteIt is really starting to smell like old fish around "Gannett". Besides getting rid of low level employees, I think it is time to stop , the bleeding, and all the raises going up the pyramid and start giving management their notices!! Including the "Clown" running this magical show of disappearing profits at everyone elses expense!!!
ReplyDelete