Saturday, April 18, 2009

Worst That Could Happen?

Gannett, owner of the Ragister, saw its profits drop 60% in the first quarter.

Their spin was written by Rosie Scenario and the scientific community is united in that fact.

As gloomy as Thursday's report was, investors had expected worse...

Per correspondent F.R. Lowe, their next repayment of $500 million on their $3.7 billion debt (at the end of March) isn't due for two more years.


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