Gannett's stock closed today at $13.82 a share, off 1.5% for the day -- and down 9% from May 3 last year, when shareholders last gathered for their annual meeting at Corporate's headquarters in McLean, Va.
The broader S&P 500 index was up 3% during the same period.
GCI's shareholders are to gather once again tomorrow, at 10 a.m. ET.
A sampling of other newspaper publisher shares since May 3:
The broader S&P 500 index was up 3% during the same period.
GCI's shareholders are to gather once again tomorrow, at 10 a.m. ET.
A sampling of other newspaper publisher shares since May 3:
- Media General: down 29%, to $3.57
- New York Times Co.: down 21%, to $6.31
- McClatchy: down 3.9%, to $2.72
- Lee: unchanged, at $1.13
This is a performance The Gannett leadership team should be proud of. I wish Carl Ichan or someone with a half of a brain would come in and force management to boost shares. Spinoff broadcast. Push for leadership that actually has hands on media experience. Dump the excess senior management bloat. It isn't rocket science.
ReplyDeleteIcahn wouldn't touch this toxic company. At least without Clorox. Wait. He DID try Clorox,
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ReplyDeleteIcahn isn't needed.
ReplyDeleteWe already have Gracia "I con" Martore!