Word: gannett
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Dates: during 2000-2009
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...There's no question that the Internet has made the newspaper business tougher than it was before. But newspapers used to be so profitable, it made newspaper managers terribly lazy. Even today the margins at most small local newspapers are still 20%. McClatchy is 20%, Lee is 20% and Gannett, if you count out USA Today, is 20%. At some point this may all change, but it's much harder to kill that kind of franchise...
...February for Best Short Documentary, are giving away the movie to anyone who asks - and to some who don't. Ads touting the offer will run in 125 major papers on Sept. 9, and on Oct. 21 the DVD will be delivered with copies of USA Today and other Gannett papers to subscribers in affluent zip codes...
...location between Washington and Dulles, the major highways cutting through it - has made it endlessly marketable to businesses despite the suburban gridlock. Unlike abandoned subdivisions and flailing inner cities, Tysons thrives (hence the traffic). The Hilton Corp. plans to move its headquarters here from Beverly Hills, Calif. Volkswagen and Gannett already call Tysons home. (See TIME's Pictures of the Week...
...Gannett (GCI) is the largest newspaper company in the U.S. which makes it the subject of constant speculation and financial media interest. Its short interest as of April 15 was 63.8 million shares, down 7% from two weeks earlier. The company has a very high 28% of its float sold short, which is equivalent to six trading days of volume based on the current daily average. As concerns about the fate of the newspaper industry mounted, Gannett's shares plunged from over $9 in mid-January to $1.85 in mid-March. Two weeks ago, Ariel Investments announced that...
...Detroit News is one of two daily papers in the big U.S. city badly hit by the economic downturn. It is unlikely that it can merge with the larger Detroit Free Press, which is owned by Gannett. It is hard to see what would be in it for Gannett. And with the fortunes of Detroit getting worse each day, cutting back the number of days the paper is delivered would not save enough money to keep the paper open...