Gannett Co., Inc. - (The Daily Times parent company) - hit its record low again today.
Just last week Gannett's credit rating was cut to near junk bond status by S&P.
S&P cut their debt rating by two levels to BBB. Moreover, Moody's Investor Service also downgraded Gannett Co.'s senior unsecured rating by two notches to a "Baa2" grade. Moody's said it may downgrade the rating further.
Click on the attached link to view details: http://finance.google.com/finance?q=gci
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5 comments:
who cares.
Mr. Beezer,
Thanks for your daily update on Gannett stock. My question is who is Wane?
Sincerely,
Jammile Jefferson
Glad you gave that link--looks like Gannettis doing pretty good compared to the others (except with the Washington Post--what's up with that quote?).
Moody also said Gannett should pull out of the mess, along with the other print media, by 2010.
The economy is hurting newspapers all over the nation. I am surprised that Gannett is doing as well as it is.
I care. It's just about the only employer left in this town.
Everyone else has jumped ship. Bayliner, Dresser, Crown, Chesapeake Corp., Powerwave, for heaven's sake man where is your head.
get the fork out, they are close to dunn
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