The possibility of a sale of Gannett isn’t too far-fetched in light of all the consolidation lately in the ailing newspaper industry (with Knight-Ridder, Tribune, and now Dow Jones all being acquired). In fact, in a posting we did examining the possibility of more deals in the industry, we fingered Gannett as the most likely to be snapped up next.
Friday, August 10, 2007
GANNETT FOR SALE?
Hope not. Or hope so, depending on the day. The Wall Street Journal's blog reports:
Papa G's stock is down 23 percent this year, and now trades at a 10-year low.