Gannett Co. Inc. (GCI)

Gannett Co., Inc. is a leading international news and information company that operates both in the United State and the United Kingdom . In the United States , the company publishes 85 daily newspapers, including USA TODAY, one of the most popular sites on the web, and nearly 900 non-daily publications. Along with each of its daily newspapers, the company operates Internet sites offering news and advertising. Gannett operates in two segments, Newspaper Publishing and Broadcasting and has a market cap of $5.85 billion; its shares were traded at around $21.96 with a P/E ratio of 6.2 and a P/S ratio of 0.81. The dividend yield of Gannett Co. Inc. stocks is 6.2%.

Recently, the newspaper industry has experienced a consistent decline as advertising sales trail the slumping economy and the overall industry revenue is down 12 percent this year, on top of 2007's 8 percent drop. Gannet Co. Inc. has also felt the deceleration in the industry as it is down 55 percent in the last twelve months, a 13 year low for the company.

Warren Buffet has had shares in Gannet since the second quarter of 2000, owning 3,636,800 shares in 2000 and 3,447,600 shares in 2008. His number of shares decreased after the third quarter of 2003 when the stocks were at their highest value of $304.7 million at a price of $88.14 per share. Although the value of the stock has decreased steadily since 2003 to a value of $100.2 million, Warren Buffet has remained unchanged in his ownership. In his recent interviews and shareholder meetings, Warren Buffett indicated that the era of newspapers has passed and that traditional news mediums are being interrupted by the internet.

John Rogers and Brian Rogers have both increased their shares in Gannet Co. Inc. while Charles Brandes, NWQ Managers, and Arnold Van Den Berg have followed the footsteps of Warren Buffet and kept slightly adjusted or unchanged positions in Gannet. On the other hand, Davis Dreman sold shares to decrease his position with the company and Jean-Marie Eveillard sold out his holdings after the first quarter of 2008.

Senior VP & Chief Digital Officer Christopher D Saridakis bought 5,000 shares of GCI stock on April 23, 2008 , at the average price of $25.55; the price of the stock has increased by 0.08% since.