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From newspapers to real estate investment trust? Gannett (GCI +3.9%) CEO Gracia Martore candidly...

From newspapers to real estate investment trust? Gannett (GCI +3.9%) CEO Gracia Martore candidly answers a question posed to her during the company's earnings CC on if the company is considering converting its considerable arsenal of office properties around the country into a REIT by saying "all possibilities" will be explored to do what makes economic sense. Though it's still only an open-ended answer, by not dismissing the question entirely the read-through could be that a REIT conversion is on the plate. (transcript)
Comments (1)
  • Tactician
    , contributor
    Comments (22) | Send Message
     
    So GCI would split off an REIT, creating 2 securities from the one? Makes a lot of sense!
    16 Oct 2012, 03:55 PM Reply Like
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