Bulletin: Gannett shares rise 86% from a year ago, as newspaper publishers pull back from deep lows

[Roller-coaster year from 52-week low of $1.85; bigger view]

Capping a second consecutive year of tumultuous change, stocks of major newspaper publishers today staged a huge comeback from a year ago, with company shares soaring well above broader stock-market averages.

Gannett's stock rose 86%, ranking it No. 4 among companies I follow, according to preliminary closing figures moments ago. Shares finished the year at $14.85 -- a huge turnabout from their 52-week low of $1.85. The rankings:

• Lee: up 746%
• McClatchy: up 343%
• E.W. Scripps: up 215%
• Gannett: up 86%
• New York Times Co.: up 69%
• News Corp.: up 66%
• Washington Post. Co.: up 13%

For comparison, here's the performance of major stock-market indexes:

• Dow Jones Industrial Average: up 19%
• S&P-500: up 23%
• Nasdaq: up 44%

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[Source: Google Finance]