It is has been a long fall from grace for Gannett. Still regarded as one of the best managed media companies and clearly regarded as the best managed newspaper company, GCI’s 1Q08 earnings report came and went with barely a notice. I suppose that is not all bad since the numbers were no good and […]
Special thanks to my intern, Megan Brinkman, a soon-to-be graduate of Northwestern’s MBA program, who did most of the work on GCI this quarter due to a conflict I had with the conference call. The following summary was written by Megan and edited by me. Consistent with what we are seeing across the newspaper industry, […]
2Q06 earnings and commentary from Gannett (GCI) can best be described as more of the same. Neither the numbers nor the Q&A provided significant new insights. GCI remains stuck in a no-growth environment with no prospects for a pickup. The only bull case is that the stock is getting cheap on a historical basis and […]
Gannett (GCI) shares are rallied strongly, up about 3%, following the company’s fourth quarter earnings report issued before the open on Friday. The action is similar to the response to earnings from New York Times (NYT) and Dow Jones (DJ). Investors are reacting positively to stronger than expected trends in December advertising, hoping this time […]
Gannett (GCI) wraps up a busy week of newspaper earnings on Firady before the open. Consensus for the fourth quarter calls for EPS of $1.41 and revenue of $2.0 billion. Management has guided to the low end of $1.40 to $1.44. If the report is inline, the year will end up at $4.94, flat with […]
Gannett (GCI) shares initially bounced about 1% off of depressed levels in response to the company’s 3Q05 earnings report before retreating to new lows as the market fell on Tuesday and Wednesday. The quarter was pretty much in line with expectations and no unexpected news came out on the conference call….
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