Thursday, August 15, 2013

Stock | Buffett unloads GCI, and stock tanks

[Screenshot shows GCI, blue, vs. S&P index; bigger, current view.]

[Updated at 5:13 p.m. ET.] Gannett's stock closed at $24.29, down $1.30 a share, or 5.1%.

My original post: A selloff in Gannett's stock advanced early this afternoon after financier Warren Buffett revealed he had sold his entire GCI stake of 1.7 million shares. Other newspaper shares fell, too, as the overall stock market swooned.

GCI recently traded for $24.28, down $1.31, or 5%. Still, shares remain 61% higher than a year ago, according to Google Finance.

The S&P 500 index, a broader measure of the overall market, was recently down 1.4% at 1661.


  1. Down as it should be.Print is the main source of income and revenue levels have been trending down,down more many years.

  2. This comment has been removed by a blog administrator.


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