Gannett Co. Inc. (NYSE: GCI) blamed lower advertising revenue for reporting preliminary fourth quarter earnings that dropped to 69 cents per share. The newspaper publisher warned that the preliminary results do not reflect up to $5.9 billion in write-downs. The stock price dropped $1.13 to close at $5.77.
Gannett Reports Lower Preliminary Earnings
January 30, 2009 at 17:16 PM EST
