"We have budgeted conservatively for 2011 in keeping with the year-over-year comparisons noted. We estimate the percentage increase in newsprint expense will be in the mid to high teens range and comparisons in the first quarter will be the most challenging of the year."
-- COO Gracia Martore, on the outlook for newsprint prices in 2011; her remarks came during a Wall Street media stock analysts conference Wednesday. Newsprint and labor are among Gannett's single-biggest operating expenses. (Martore's prepared remarks.)
Related: remarks by CEO Craig Dubow and all the executives