More bad news from Gannett - (GCI trading symbol). It appears that Gannett will issue more pink slips as it tries to get a handle on dwindling sales. Publishing sales slipped 18% for the first two months of the last quarter as advertising revenue continues to plunge.
The stock price tumbled on today's news release and is on pace to setting yet another record low.
http://www.dailyherald.com/story/?id=257236
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
Anybody want to start a pool on when they will be "Delisted" for the price being uner $1.00?
ReplyDeletewho cares about Gannett. all the media companies are having problems. why do you worry so much about Gannett, just because you dont like the DT.
ReplyDeleteWanna bet that when the stock hits $1 per share, the Daily Times weekday price becomes $1 too?
ReplyDeleteFunny how they are interviewing and hiring for new positions.
ReplyDeleteIs that right Greg? Why don't you post the jobs as a comment here and you'll have a better chance at filling them.
ReplyDeleteYour definitly as sick as me Joe, to much mind.
ReplyDeleteI notice that at most of the convenience stores I stop into in the mornings that no one ever seems to buy a Daily Times anymore.
ReplyDeleteThe racks are just full of them.