gci
Coke Takes the Fizz out of Berkshire Hathaway
4:30PM 2/16/2011
Investing, Exxon Mobil, General Electric , Coca-Cola Company, Kraft Foods, Berkshire Hathaway, American Express, Bank of America, Wal-Mart Stores, Comcast, Wells Fargo & Co, Procter & Gamble, Market News
Warren Buffett's Berkshire Hathaway liquidated its positions in a number of high-profile companies during the fourth quarter, but the Oracle of Omaha has hung on to his huge stake in Coca-Cola. And Coke's nearly 4% drop is a weight on Buffett's portfolio.
Employees at Gannett's flagship newspaper must be insanely dedicated: Why else would its publisher feel the need to explain to them exactly what it means to be forced to take a week off. But that's just what Dave Hunke decided his already-depressed workforce needed to hear.
Apple's iPad Gives Wings to Media Stocks
4:30PM 1/27/2010
Correctly or naively, print publishers all seem to think the iPad, Apple's new touchscreen tablet computer, is going to save their hides -- and Wall Street seems to agree, at least cautiously, as several print media companies saw their stocks rise today.
Another Big Newspaper Company Going Into Chapter 11
11:00AM 1/17/2010
The long, steep decline in newspaper ad sales and circulation is starting to level off, but that doesn't solve the debt problems bedeviling firms like Affiliated Media. The holding company for industry heavyweight MediaNews Group will go through a prepackaged bankruptcy to eliminate most of its debt.
It was a good six months to be The Wall Street Journal. It was a bad six months to be just about anyone else.
On Monday, the Audit Bureau of Circulations released its official figures for the half-year ending Sept. 30, and the picture they paint is no less grim for being thoroughly foreseeable....
New York Times will keep The Boston Globe
5:10AM 10/15/2009
The New York Times Company (NYT), which had planned to sell The Boston Globe, now says it will keep it. The Times had taken bids for the paper, including one from Platinum Equity, a group led by a former Globe executive and a member of the Globe's founding family, which has recently bought other...
USA Today no longer America's largest paper. Is mass-market media dead?
10:00AM 10/10/2009
USA Today, founded in 1982 by Gannett (GCI) CEO Al Neuharth as a radical experiment to create a national newspaper, may no longer be the largest paper in the U.S. based on circulation.
Industry trade magazine Editor & Publisher obtained information from Gannett management that says that "USA...
What's left after a newspaper bankruptcy: 20 cents on the dollar
7:00PM 8/21/2009
The parent company of the Philadelphia Inquirer, the Philadelphia Daily News, and the related Philly.com website could emerge from bankruptcy debt-free, if a proposal submitted by the ownership group that bought the paper in 2006 is accepted by lenders in court. Bruce Toll, of homebuilder Toll...
Shares of Gannett Co. (GCI), the world's largest newspaper publisher, rose more than 16 percent in pre-market trading after the company reported better-than-expected second quarter results.
Net income at the McLean, Virginia-based parent of USA Today was $70.5 million, or 30 cents a share,...
Gannett: A newspaper recovery is nowhere in sight
8:00AM 7/01/2009
The troubles of the newspaper industry are well-chronicled. Many chains are bankrupt or close to it. Some city papers have closed completely.
Newspaper publishers hope that as the economy recovers, so will their advertising, which has been falling at a rate of 20 percent or more year-over-year....
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