Monday, June 29, 2009

Stock | What a Wall Street media analyst told me

"I will miss reading your Gannett Blog once you discontinue it. It's one of the few blogs out there that reflect professional journalistic principles.
Its content has been a solid resource
for me as I cover this company."

-- A confidential note 12 days ago, amid rumors of pending layoffs.

4 comments:

  1. And now we know why Wall Street is doing so well.

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  2. The best analysts do "channel checks" on their own to independently verify the rosy outlooks that companies feed them. Normally it's the sales channel that they check. Gannett Blog would be part of a "culture check." Gannett is so secretive about its governance practices that people need secondary sources to learn about such things as mass layoffs, improper funneling of company scholarship money, and CEO butt-aches.

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  3. I believe this is a reason that Corporate doesn't like you guys coming here. You are all the source of information on this blog, after all. The power of the people!

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  4. This Wall Street dude must be a real idiot.

    ReplyDelete

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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