So far in 2012, Gannett Co., Inc.’s (NYSE:GCI) shares are down 5.53 percent. On Monday, a unit of the company acquired the news aggregator Quickish. This deal will increase the USA Today Sports Media Group’s focus on online sports news, according to a press release. Quickish’s company’s founder, Dan Shanoff, will join USA Today Sports as an audience development executive. Financial details were not disclosed.
Additionally, last month, USA Today selected Larry Kramer as their new President and Publisher. Kramer is a true management catalyst for the fledgling brand. Kramer brings his high growth experience from MarketWatch as investors will be watching for his applied efforts to help the stock turnaround.
With the opportunity for digital expansion in sports news and new proven leadership at the helm of USA Today, will Gannett’s largest shareholders increase their holdings? 408 institutional firms indicated owning shares of Gannett Co., Inc. (NYSE:GCI) in Q1 2012. These firms reported owning a total of 212.979 million shares on 03/31/2012. The shares closed at $15.09 on 03/31/2012.
Here are the ten largest positions in Gannett Co., Inc. at the end of March 31st, 2012.
Alliancebernstein L.P. held 20,834,876 shares on 03/31/2012 worth $319,398,647. This brought the portfolio total to 0.32%.
Vanguard Group Inc held 12,808,566 shares on 03/31/2012 worth $196,355,316. This brought the portfolio total to 0.03%.
Ariel Investments LLC held 10,468,538 shares on 03/31/2012 worth $160,482,687. This brought the portfolio total to 2.24%.
Goldman Sachs Group Inc held 9,088,122 shares on 03/31/2012 worth $139,320,910. This brought the portfolio total to 0.07%.
Fairpointe Capital LLC held 8,378,815 shares on 03/31/2012 worth $128,447,233. This brought the portfolio total to 3.41%.
State Street Corp held 8,049,685 shares on 03/31/2012 worth $123,401,670. This brought the portfolio total to 0.02%.
LSV Asset Management held 7,929,444 shares on 03/31/2012 worth $121,558,376. This brought the portfolio total to 0.34%.
JPMorgan Chase & Co held 6,690,675 shares on 03/31/2012 worth $102,568,047. This brought the portfolio total to 0.04%.
Blackrock Institutional Trust Company N.A. held 6,363,324 shares on 03/31/2012 worth $97,549,756. This brought the portfolio total to 0.02%.
Alden Global Capital Ltd held 6,302,613 shares on 03/31/2012 worth $96,619,057. This brought the portfolio total to 12.4%.
About the company: Gannett Co., Inc. is an international news and information company that publishes various daily newspapers in the United States and the United Kingdom, including “USA TODAY” and “USA WEEKEND,” a newspaper magazine. The Company also operates television stations in major United States markets as well as operates websites offering news, information and advertising.
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