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Goldman Sachs: Though a ‘Class-Act,’ Gannett Likely to Suffer in ‘07

Published on January 11, 2007 | Email this article

Gannett is, according to Goldman Sachs analyst Peter Appert, “one of the best run in the industry,” but will still likely encounter rough times in 2007.

After a meeting with Gannett CEO Craig Dubow and CFO Gracia Martore, Appert wrote that Gannett is the “class act” of the newspaper industry, with “the highest margins, greatest free cash flow efficiency, and strongest record of capital redeployment in the sector,” writes Editor & Publisher.

Unfortunately, even the best managed company will have a difficult time growing in 2007, despite such good news as falling newsprint prices and an uptick in the UK market, he believes.

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