THE largest U.S. newspaper publisher, Gannett Co, suffered a massive loss last week when its shares plunged more than 10 per cent.
This comes despite the company moved closer to ending a more than three year slump in print advertising in the recent second quarter, and announcing an ad partnership with Yahoo!.
Gannett shares dropped by US$1.61, or 10.7 per cent, to close Friday at US$13.50.
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