[Stocks: GCI vs. NYT this year; click to enlarge. Live version]
Year-to-date, Gannett's shares are up 75% -- nearly twice the gain of stock in the New York Times Co., which has climbed just 39% in the same period (see chart, above), according to current Google Finance data. That would suggest a financially more healthy Gannett. So, it's interesting to note that New York Times top editor Bill Keller has just announced that no furloughs are foreseen for 2010, and that a 5% wage cut imposed last year will be restored starting next month. Gannett, by comparison, announced one-week furloughs earlier this month for the upcoming first quarter.
To be sure, this news from Keller -- in a memo distributed to staff today -- comes as the paper-of-record cuts 100 newsroom jobs, on top of a similar cut last year.
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