Tuesday, August 13, 2013

By the numbers | No layoff ripples on Wall Street

Every newspaper employee who's lost their job in the past two weeks is suffering. But in the bottom-line economics of Wall Street, the more than 300 jobs eliminated haven't moved the needle on Gannett's stock price.

That's in no small part because the U.S. newspaper division employs about 18,000 workers.

The stock gain since July 29 is within a range GCI typically trades when compared to the widely watched S&P 500 index, a broad measure of market performance. GCI last traded for $26 a share, up 5 cents.

Key numbers since July 29, based on current trading prices:

change in GCI

change in the S&P 500

[Data: Google Finance]


  1. The stock won’t go down due to lay-offs because bodies on the print side are seen as liabilities not assets.

  2. In a big enough layoff at some companies, shares might rise.


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