Tuesday, October 23, 2012

Stock | And now, a message to Gannett's owners

"Between share repurchases and dividends alone, we have returned almost $230 million to shareholders this year."

-- CEO Gracia Martore, in a news release today announcing another regular quarterly dividend of 20 cents a share. It's payable Jan. 2 to stockholders of record Dec. 7. Gannett's stock closed at $17.84 a share this afternoon, down 1.6% on a day when stocks overall were slammed. The S&P 500 index, a broad measure of market activity, fell 1.4%.


  1. Paltry raises, job cuts looming andman underfunded pension. Shouldnt Gracia throw employees a bone?

  2. What proportion of that 230 million was pulled straight out of employees' pockets via furloughs, layoffs and wage freezes. Whatever -- I'm sure that the C-suite will get fat bonuses for screwing the folks who actually do the work.

  3. Each furlough saves approximately 30 to 40 million.

  4. yes, there will be more furloughs and more layoffs coming. The amount depends on how much golf and how many junkets the executives want to fund out of the company trough while the rest of us suffer.


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."

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