Thursday, November 04, 2010

Newsprint price outlook? Martore wouldn't say

Amid reports newsprint prices could rise 20% or more next year, the following exchange during the recent conference call with Wall Street stock analysts is illuminating. The Q&A was between Mike Kupinski of Noble Financial and Chief Operating Officer Gracia Martore, and concerned the outlook for the current quarter, according to Corporate's transcript:

Kupinski: But in terms of newsprint prices, do you have a thought about how much that will be up?

Martore: I don't want to comment on that at this point. We are in negotiations, as you can appreciate.

Related: Gannett's third-quarter financial report

What's your publisher saying about price increases in 2011? Please cite in percentage terms, in the comments section, below. To e-mail confidentially, write jimhopkins[at]gmail[dot-com]; see Tipsters Anonymous Policy in the rail, upper right.
at

1 comment:

  1. Anonymous11/06/2010 4:24 AM

    22% which is the reason for some layoffs and a MAJOR push on digital sales and the new Yahoo partnership

    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."

Note: Only a member of this blog may post a comment.