Gannett Co., Inc. - (The Daily Times parent company) - stock price eroded further after yesterday's announcement by Moody's regarding their downgrade to junk status.
Price of the stock slide to an all-time record low of just $3.22/Share shattering yesterdays record low and setting yet a new record low.
In addition, Gannett announced it was cutting its preferred dividend by 90% to just .04/share.
Click here to see today's trading: http://www.google.com/finance?q=NYSE:GCI
Today on Bill O'Reilly's daily radio broadcast he announced that the New York Times may file bankruptcy by May 1st. Recently, the New York Times has borrowed 250 million dollars to stay a float from Mexican Businessman Carlos Slim Helu at an astronomical 14% interest rate.
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
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