The reader says their worksite has told employees about revenue and other financial data for September -- period nine, or "P9,'' in GCI lingo."We got our P9 numbers recently, and they were bad. Extremely bad,'' Anonymous@10:14 a.m. said this morning, without revealing their location. "There were a lot of gasps in the room when some of the numbers were announced. Also, while the numbers have always been available to us for the asking, this time it was different. They seemed to make it a point to let us know this time around what the numbers were. I've never seen that kind of urgency before. It almost feels like we're being set up for worse news."
Indeed, last month's revenue figures won't reflect the consumer confidence carnage this month, amid the mammoth Wall Street selloff. Since Oct. 1 alone, for example, Gannett's shares have fallen 26%, Google Finance says.
Companywide revenue figures for September will appear in the next monthly statistical report, which will likely be disclosed around Oct. 24, when Gannett is set to report third-quarter earnings.
Have any other readers here gotten their September figures, too? Please post your replies in the comments section, below. To e-mail confidentially, write gannettblog[at]gmail[dot-com]; see Tipsters Anonymous Policy in the green sidebar, upper right.
What do they expect? They get rid of bylines readers are comfortable reading, hike the price of the newspaper, reduce it to postage-stamp size, and they expect revenues to flow like the water at Lourdes? Jeez. Of course P9 was horrible.
ReplyDeleteWell, everyone keeps asking for warning and it seems your management tried to give you full disclosure. Of course, does anyone expect numbers to be good at any company in the US right now?
ReplyDeleteOf course not. Nobody should be surprised anywhere...the market just lost 40 percent of its value.
Gannett can blame the markets as predicted, but we all know this company was in trouble way before this.
ReplyDelete