Grim Gannett (GCI) Earnings Report Not a Death Toll for Newspapers

Gannett (NYSE: GCI), the biggest newspaper publisher in
America in terms of circulation, released an ugly earnings report today,
sending its stock plummeting more than 8 percent.

Gannett posted an 8.5 percent drop in its third-quarter advertising
revenue, an earnings report revealed this morning. Gannett