Monday, February 23, 2009

As yield rises to 44%, let's refocus cash 'discussion'

"Return to shareholders begins any discussion about the use of Gannett's substantial
free cash flow. Our yield is 5.7% today."

-- Chairman and CEO Craig Dubow, in his April 30 prepared remarks last year to the annual meeting of shareholders.

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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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