S&P Revises Gannett Outlook to Stable from Positive

Posted
By: Reuters

(The following statement was released by the rating agency.)
   -- We expect the pace of newspaper publishing ad revenue declines will continue, and possibly accelerate over the near term, as a result of the weak economy and unfavorable fundamentals in the industry.
   -- We have affirmed all ratings on Gannett Co. Inc., including the 'BB' corporate credit rating.
   -- We have revised our outlook on Gannett to stable from positive, reflecting our view that any upgrade potential likely involves a longer time horizon than the next 12 months.































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