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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| New Gannett Co Inc | NYSE:GCI | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.09 | -2.59% | 3.39 | 3.54 | 3.385 | 3.45 | 813,154 | 00:56:16 |
From May 2019 to May 2024
Gannett Inc. (GCI) Chief Financial Officer Gracia Martore said Monday the company's newsprint expense in the third quarter was down 43%, and she expects newsprint prices to remain under pressure into 2010.
During a conference call following Gannett's third-quarter earnings release, Martore said newsprint costs are down due to a "sizable imbalance in supply versus demand."
Gannett's third-quarter earnings results beat expectations, partly due to cost cuts, and Martore said newsprint expense declines made up a "significant portion" of those cutbacks." Its overall operating expenses fell 14%.
The company's shares are up 4.5% to $13.56.
-By Nat Worden, Dow Jones Newswires; 212-416-2472; nat.worden@dowjones.com
1 Year New Gannett Chart |
1 Month New Gannett Chart |
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