Thursday, September 22, 2011

Urgent: GCI closes at $8.55, falling another 4.5%

[Updated at 4:36 p.m. ET.]

That's according to final prices, minutes after stock markets closed during a roller-coaster day that saw the blue-chip Dow Jones Industrial Average fall about 500 points, before clawing its way back. Gannett's stock traded as low as $8.28 a share, a new 52-week low.

The Dow ended the day down 391 points, or 3.5%, at 10,734. The broader S&P-500 index plunged 3.2%.

Newspaper publishers' shares closed down virtually across the board.

GCI is now at a level last seen in September 2009, Google Finance data say. (Spreadsheet shows closing prices since Sept. 1, 2009.)

The Big Board
Closing prices of major publishers:
Related: NYT cuts advertising outlook, saying third-quarter revenue will be down 8% vs. 4% in its previous forecast.


  1. If you still own Gannett stock then you deserve the losses. Hell, even Board of Directors and all top coporate officers don't own this dog!

  2. Posts like the one at 12:17 have me wondering if the FTC should take a look at this site sometime. When someone's sole agenda is to drive down the price of a company's stock, then we need to question the motive.

  3. 12:52
    Oh brother !
    That post just reflecks the state of the corporation that everyone has known for a long time. It's not rocket science to state Gannett revenue has been on a downward spiral for the last 10 or more quarters.You cannot hide the facts.

  4. So calling for people to sell the stock is simply pointing out the facts? No.

    Good try. But wrong.

  5. Hey, 12:52 PM:
    Jim just wishes he could move the market like that.
    He's not Gordon Gekko and he's reporting what is already public information. The trend is not new or maybe you just throw those ESOP statements away and this is all news to you.
    Back off.

  6. Here's hoping stock falls to a dollar a share so the assholes up top can't pull any value out of their stock options.

  7. So glad I sold all my shares when the stock was hovering around $11 a share. What a dogpile! And I'm glad to totally be divested of this horrible company once and for all. This will be my last post on or peek at gannettblog, only because I am moving on and happy as heck to put GCI in the rearview.

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  9. I don't see an iceberg! (last words on the unsinkable Titanic) Let them sink. I'm sad for the people who are still there, but they should get on a life boat of self-respect and get the heck out of there. Don't sell them another minute of your valuable lifes trying to bail them out. The upper jack wagons do not care about you. It took me 23+ years to see it. There is no loyalty among thieves. The rain falls on the just and the unjust.

  10. Dow futures down almost 80 points Friday pre-market.
    Looks like a $7 handle coming today.

    If I were, I'd be ashamed to admit I was running this company. But then, that's why their exits are so financially lucrative, because they know no one would hire them!

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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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