(Updated.) Gannett's stock closed at $6.32 a share this afternoon, up nearly 4%, after trading as low as $5.70 earlier in the day.
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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GCI's business plan is broken, the stock is tanking, the rank and file are restive, and you are encumbered by $7 billion in debts which bankers fret can't be repaid with your declining revenues. You are Dubow: what do you do?
ReplyDelete(Quit is a given. Looking for more concrete ideas).
Do what the WSJ is doing and raise ad rates. Yes raise rates in a recession and give everyone a signal we are here to stay. Sell off the TV properties to pay off the debt.
ReplyDeleteGCI broke nothing except its own back. Broad market up today on Obama related news...nothing to see.
ReplyDelete