The company's stock recently traded for $7.70 a share, down 5.5%, as investors continue showing only luke-warm interest in Gannett's latest job-cutting initiative. GCI plans to eliminate up to 3,000 jobs -- 10% of all -- in its troubled newspaper division over the next two weeks.
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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Timbeeeeeeeeeeeerrrrrrrrrrrrrrrrrrrr!
ReplyDelete*Crash*