On a bad day for US newspaper stocks, shares of the largest publisher, Gannett, sank yesterday to their lowest price in 18 years.
Gannett tumbled 11.25% to close at $9.31 a share. That fall comes ahead of tomorrow's release of its third-quarter results. Wall Street is clearly not expecting good news from the publisher that owns the British chain, Newsquest. (Via Editor & Publisher)
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Gannett share price tumbles
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