tag:blogger.com,1999:blog-8099437767970534324.post2517650903131562833..comments2023-11-05T06:26:51.316-05:00Comments on Gannett Blog: Moody's downgrades nearly $3 billion in GCI debtJim Hopkinshttp://www.blogger.com/profile/16712746705871119746noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-8099437767970534324.post-79596949537748291112008-11-12T10:07:00.000-05:002008-11-12T10:07:00.000-05:00So does it make sense for Gannett to unload proper...So does it make sense for Gannett to unload properties to reduce debt or to buy properties (or shares of properties) to increase opportunities for making a profit?<BR/><BR/>If they were to sell off stuff, would that make them look bad in the eyes of the shareholders?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-51404850818434852492008-11-12T08:09:00.000-05:002008-11-12T08:09:00.000-05:00Then there is ALL THAT DEBT.Gannett has bought eve...Then there is ALL THAT DEBT.<BR/>Gannett has bought everything it ever wanted ... newspapers, dot.com companies, real estate ... always piling debt on top of dept. This likely was OK back in the 25% profit days, but it has to be a total drag now.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-69355994696654116282008-11-12T00:30:00.000-05:002008-11-12T00:30:00.000-05:00Could be that all those new digital sales speciali...Could be that all those new digital sales specialists will turn out to be the critical factor that makes the numbers start going up again. Let's hope.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-30049033603798985172008-11-12T00:27:00.000-05:002008-11-12T00:27:00.000-05:00@8:30 p.m.:The only thing that would get the stock...@8:30 p.m.:<BR/><BR/>The only thing that would get the stock price moving north again would be evidence that revenues will improve at some time in the foreseeable future. No such evidence exists. <BR/><BR/>GCI, and other news companies, have proven they can get profits out of any revenue stream, but if the stream is running dry .... well, you've heard about turnips and blood.<BR/><BR/>All the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-53259693228593717482008-11-11T20:30:00.000-05:002008-11-11T20:30:00.000-05:009:14 here -- When they announce layoffs, the stock...9:14 here -- When they announce layoffs, the stock goes up ... for a millisecond. When Dubow announces a pay freeze, the stock goes up ... for a millisecond. They've been cutting and slashing for months, and yet the stock gets downgraded.<BR/><BR/>Business-wise and investor-wise, what is Gannett doing wrong? What steps would help? And why?<BR/><BR/>Am I asking for too much? :PAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-44502139341426593772008-11-11T13:04:00.000-05:002008-11-11T13:04:00.000-05:00Is downgrading two notches at a time typical?Is downgrading two notches at a time typical?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-65136687642021106132008-11-11T11:34:00.000-05:002008-11-11T11:34:00.000-05:00Bad factors:Declining revenuesDeclining advertisin...Bad factors:<BR/>Declining revenues<BR/>Declining advertising pages<BR/>Increased newsprint costs<BR/>Declining circulation<BR/>Increasing FTE costs<BR/>Broken business plan<BR/><BR/>Good factors:<BR/>Recognized brand<BR/>Monopoly position in most marketsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-42696596019237343932008-11-11T10:57:00.000-05:002008-11-11T10:57:00.000-05:009:14 am: I'd like to help, but I don't know what y...9:14 am: I'd like to help, but I don't know what you mean by "factors."Jimhttps://www.blogger.com/profile/16651269559205765985noreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-34565267642831769102008-11-11T09:44:00.000-05:002008-11-11T09:44:00.000-05:00Ditto 9:14's request. I don't even know who the bo...Ditto 9:14's request. <BR/>I don't even know who the bond holders are or why they should care about the downgrade.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-59401064095207153642008-11-11T09:14:00.000-05:002008-11-11T09:14:00.000-05:00Jim, could you give us a business-for-dummies rund...Jim, could you give us a business-for-dummies rundown on what factors are bad and what factors are good?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-78905634458186425072008-11-10T23:59:00.000-05:002008-11-10T23:59:00.000-05:00Keeping the dividends high is one of the few thing...Keeping the dividends high is one of the few things CEO Craig Dubow can do to keep major investors happy -- and so keep his job.Jimhttps://www.blogger.com/profile/16651269559205765985noreply@blogger.comtag:blogger.com,1999:blog-8099437767970534324.post-80397981550719831352008-11-10T22:17:00.000-05:002008-11-10T22:17:00.000-05:00Why do they keep the dividends the same if debt is...Why do they keep the dividends the same if debt is a problem?Anonymousnoreply@blogger.com