Newspaper Publisher Acknowledges Decline in Business Value
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June 11, 2008, 12:42 pm
Filed under: Newspapers
Filed under: Newspapers
Continued bad news for the newspaper industry – Gannett Co., publisher of USA Today and 80 other daily newspapers, will write down the value of its assets by $2.5 billion to $3 billion, an indication that the company doesn’t expect to recover fully from a steep decline in the value of its business.
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