Monday, March 02, 2009

Amid a tumbling stock price, how we got mugged

[DIG souvenirs: the R&D center launched in 2006; is it still open?]

"Innovation was applied to every process --
from ad sales, to newspaper delivery,
to creating new digital products."


-- CEO Craig Dubow, in his Feb. 26 letter to stockholders from the 2008 Annual Report. Since then, Gannett shares have fallen 21%.

9 comments:

  1. I can almost afford two packs of Dentyne Ice gum with a share of Gannett stock.

    Feel the tingle!

    What can you buy?

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  2. Should've said "Dig" on one side and "your own hole" on the other.

    ReplyDelete
  3. Will he ever learn that the processes don't matter. The results do.

    ReplyDelete
  4. Heck, I even got one of those mugs, but for the life of me, can't remember ever seeing any really large ideas that came out of that whole think-tank thing.

    Anyone remember anything coming out of this boondoggle that actually amounted to anything?

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  5. Did the idea to update classifieds systems in order to avoid problems with Y2K come out of the DIG?

    ReplyDelete
  6. Did the idea to update classifieds systems in order to avoid problems with Y2K come out of the DIG?

    Nope - the DIG was about 5-6 years after the Y2K bruhaha.

    ReplyDelete
  7. So what exactly does VP Maness do? Just asking, not being nasty

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  8. the problem with the Dig was that it had no funding to back it up. I participated in a number of meetings that included the Dig, Gannett Digital, and Corporate IT.

    There were a number of ideas that everyone agreed were valuable and revenue producing that came from the Dig, but the response from Digital was that if the idea wasn't on their list of priorities, then it wouldn't happen.

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  9. 6:44 PM
    He and Saridakis made a video. It's on the Gannett careers site where they post all the jobs.

    ReplyDelete

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