Are the bad times for newspapers in the US over? Editor & Publisher reports "Newspaper stocks soared in early afternoon trading Tuesday, fueled by the news that Gannett [which owns Newsquest in the UK] will report third-quarter earnings that far exceed expectations."
The report says that shares in Gannett were up $1.73, or 17.3%, to $11.71 a share and that "the good feelings about Gannett extended to the rest of the newspaper sector, with every NYSE-traded newspaper company up -- some by even bigger margins."
Saturday Seven Up
4 hours ago