Read all about it! Cost-cutting polishes newspaper stocks despite lingering gloom

September 30th, 2009 by admin Leave a reply »

Newspaper stocks surge as their own news improves
SAN FRANCISCO — Newspapers may have finally stopped — or at least slowed — their harrowing descent into a financial abyss after three years of plunging revenues, crumbling stock prices and shrinking staffs.

The latest glimmer of hope came Tuesday when Gannett Co., the largest U.S. newspaper publisher, announced [...]

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