Tuesday, May 11, 2010

JPMorgan now top Gannett owner with 10.2 pct stake

JPMorgan Chase & Co. is boosting its bet that better days are ahead for the slumping newspaper industry. It reported Tuesday that it now owns a 10.2 percent stake in USA Today publisher Gannett Co., making it the company's largest shareholder.

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1 comment:

Anonymous said...

These are the same folks that gave that newspaper visionary, Sam Zell, gobs of money.

Fool me once...