If you bought $10,000 worth of Gannett stock in September of 1991 and let it ride – you’d have $10,000 right now*
WNJ Deathwatch: Gannett (GCI) is closed at $19.83 yesterday. The last time it was that low was September of 1991. Just sayin’
*You’d really have $6,557 after adjusting for inflation.
Actually, you would have considerably less than $10,000. A dollar in 1991 is worth much more than a dollar in 2008.
Missed the update!
Newspapers are simply a dying medium. I pick up The Philadelphia Inquirer on my way to work every day, so that the guys and I will have it, but I never get a newspaper on days when I’m home. I can get the news I want, and more up to date, over the internet, for free.
I like newspapers, but they’re really still 18th century technology. They still haven’t figured out how to compete in the 21st.
The Snooze is a serious loser….too well connected politically and with business. They could use one page to print what is of interest to me.
Q: How can you make a small fortune in Gannett stock?
A: Start with a large fortune.
So what you are saying is that Gannett is a good representative market-tracking stock…
Meanwhile, Rush Limbaugh signed a contract for $400 million. Time for that one-hit wonder band from the 80s to do a sequel: Radio Killed the Media Star.
If it gets low enough, we should buy it….and instantly change the state, because then all the news would be printed.. not just self-glamorizing press releases…..
As for Limbaugh, he, like us, must now pay a lot more for his “meds…” thereby justifying his contract……………….
“I can get the news I want, and more up to date, over the internet, for free.”
Who will write all this “free” news when the papers go under?
Snark, I’m guessing they’re making more than enough on those obnoxious internet ads to keep them alive if they had to do away with the papers.