Thursday, April 16, 2009

First edition: Today's earnings, your reaction

Gannett reports first-quarter earnings this morning in a statement that should hit news wires by about 8:30 a.m. ET. The company will likely move its statement across BusinessWire. East Coast readers will probably see it before I do, since I'm on the West Coast.

Please post details -- including the earnings statement itself -- in the comments section, below. And don't be shy about flagging the most interesting stuff you find; that'll give us a start.

Wall Street has forecast sharp declines for the quarter. If Gannett doesn't at least meet these already marked-down first-quarter figures, the company's beleaguered stock could fall further:
  • Profit: 24 cents a share vs. 77 cents a year ago
  • Sales: $1.44 billion vs. $1.68 billion
I plan to monitor the 10 a.m. ET listen-only conference call, where top GCI executives will answer questions from media stock analysts. The call will be webcast, and is open to the public, although only analysts get to pose questions. (Webcast details.)

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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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