Tim H.

Newspapers: Three Nails, One Coffin

Jeff Jarvis we get it!!! You think Newspapers are dead. Geezz. Tell you what Jeff I work for Gannett and yeah they treat their employee's like crap. BUT Jeff I bought 9,000 shares of GCI stock at $3.60 in my 401K in June mainly because of negative nellies like you and the high short interest. Sold 7000 shares today at $8.65. What is that? $45,000 in profit? Yeah I lost money last year (33% hit) but whose singing the tune today Jeff? I was down 11% for this year now up around 40%. What Jeff doesn't do is give you a timeline date when newspapers will be obsolete. Newspaper stocks are now trading stocks. With heavy short interest and some DD there is risk/reward potential. There are profits to be made in some of these companies. You just have to keep your nose to the grindstone. No doubt Gannett has some debt issues but fact is Gannett still making money. Jobs come back in improving economy GCI owning 50% interest in website such as Career Builder will increase revenue. As it is GCI came close to my $9 target. So I sold majority of it. A nice freaking trade thanks to people such as Jeff Jarvis. Thanks Jeff. keep up the negative slant.