Gannett Company, Inc. (NYSE: GCI) is a publicly-traded media holding company based in the United States. It is the largest U.S. newspaper publisher as measured by total daily circulation. Its assets include the national newspaper USA Today and the weekly USA Weekend. Its largest non-national newspaper is The Arizona Republic in Phoenix. Other large holdings include The Indianapolis Star, The Enquirer in Cincinnati, The Tennessean in Nashville, The Courier-Journal in Louisville, The Des Moines Register, The Honolulu Advertiser and the Detroit Free Press.
The next three weeks are crucial to our results
...where we were currently seeing the business,” The Tribune quoated Castellini as saying about the job cuts at CareerBuilder. Gannett (NYSE: GCI) upped its stake in CareerBuilder earlier this year to 50.8 percent, buying part of Tribune’s interest for $135 million....
...also anticipates a drop next year in employees at other newspapers. Broadcasting positions will shrink as well, Gannett said. Gannett rose 10 cents to $8.46 in midafternoon New York Stock Exchange composite trading. The shares lost 78 percent of their value...
...and says revenue so far this quarter is down 14 percent from year ago results. It also plans more job cuts in the new year. Gannett executives, speaking at a UBS Media and Communications conference Tuesday, said 2008 revenue will fall to $6.8 billion, down...
...stations, the company would be most interested in markets where it could own two TV stations, in a so-called duopoly. Gannett would not expect to pay a traditionally high price for a station, Dubow said, due to the dynamics that have changed in recent years...
...(MarketWatch) -- Gannett Co. (GCI: , , ) Chief Financial Officer Gracia Martore said visibility is "very limited" for the fourth quarter, due to uncertainty about consumer spending and the intentions of advertisers in the midst of a worldwide financial crisis....