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Zacks Analyst Blog Highlights: Gannett Co. Inc., Washington Post Company, Journal Communications, McClatchy Company and The New York Times Company – Press Releases

Zacks Market Commentaries (October 20th, 2009) Writes:

For Immediate Release

Chicago, IL – October 20, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Gannett Co. Inc. (GCI), Washington Post Company (WPO), Journal Communications (JRN), McClatchy Company (MNI) and The New York Times Company (NYT).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Monday’s AnalystBlog:

Gannett Beats Zacks Consensus

Gannett Co. Inc. (GCI), the largest newspaper publisher in the U.S., recently reported third-quarter 2009 results. Despite a faltering economy and decline in print advertising revenue, the company’s earnings topped expectations, buoyed by effective cost-cutting measures, lower newsprint expense,

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Gannett Beats Zacks Consensus – Analyst Blog

Zacks Market Commentaries (October 19th, 2009) Writes:
Gannett Co. Inc. (GCI), the largest newspaper publisher in the U.S., recently reported third-quarter 2009 results. Despite a faltering economy and decline in print advertising revenue, the company’s earnings topped expectations, buoyed by effective cost-cutting measures, lower newsprint expense, reduction in headcount and pay cuts. Operating expenses dropped 14.4% to $1,179.6 million. Gannett’s quarterly earnings of 44 cents a share surpassed the Zacks Consensus Estimate of 38 cents as well as the company’s expected guidance range of 39 cents to 42 cents a share. However, earnings fell 42.1% year-on-year from 76 cents reported in the prior-year quarter due to an 18.4% decline registered in the total revenue of $1,336.6 million. On a reported basis, including one-time items, earnings came in at 31 cents a share, down 55.1% from 69 cents posted in the year-ago quarter. Gannett is facing the same dramatic decline in advertising revenue ...

Gannet Swings on Earnings Outlook – Analyst Blog

Zacks Market Commentaries (September 30th, 2009) Writes:
The shares of Gannett Co., Inc. (GCI) rallied after the news of its better-than-expected third quarter profit hit the market. The shares of Gannett rocketed to close at $11.74 on Sep 29, 2009 , up nearly 17.6% from the previous day’s close. Gannett, the largest newspaper publisher in the U.S., notified that it now expects third quarter earnings in the range of 39 cents to 42 cents a share, which far outpaced the Zacks Consensus Estimate of 29 cents. However, this marks a sharp decline from 76 cents delivered in the prior-year quarter. On a reported basis, including special charges like facility consolidations and workforce restructuring, EPS is expected to be between 25 cents and 31 cents. The stringent cost-cutting measures and lower newsprint expenses have helped to drive the bottom-line results. After trimming its work force by 10%, Gannett revealed plans to further slash ...

Stock Market News for September 30, 2009 – Market News

Zacks Market Commentaries (September 30th, 2009) Writes:

An unexpected drop in consumer confidence sent U.S. stocks lower Tuesday, as signs of stabilization in housing and Walgreen’s solid earnings failed to convince investors about the strength of an economic recovery.  Although stocks rose slightly after the opening bell, the early morning release of the confidence report took the Street by surprise and signaled the American consumers are not as hopeful about an economic turnaround.

Stocks swung between gains and losses and volume remained light.  Treasury prices declined, with the 10-year off 4/32 and the corresponding yield rising to 3.293%.  The Dow Jones industrial average lost 47 points, or 0.5%. The S&P 500 index lost 2 points, or 0.2%. The tech-heavy Nasdaq composite retreated 2 points, or 0.2%.  On the New York Stock Exchange, 1.18 billion shares exchanged hands with losers narrowly ahead of winners.

The greenback showed modest gains against a basket of currencies, closing at its

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DrStockPick.com Stock Report! 8/06/09, PCAR, IEC, BA, AHC, IBM, SPG

Dr. Stock Pick (August 6th, 2009) Writes:

DrStockPick.com Stock Report!

Thursday August 6, 2009

signup3m

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PACCAR’s (Nasdaq:PCAR) Corporate office and its Kenworth Truck Company manufacturing facility in Renton were recently named as leaders in King County, Washington’s 2009 Best Workplaces for Recyclers. “PACCAR is honored to receive this prestigious environmental award,” said Richard Bangert, PACCAR vice president. “PACCAR is a global environmental leader and is committed to waste reduction, the conservation of natural resources and the ongoing protection of the environment. This award recognizes the diligent efforts of our employees to reduce, reuse and recycle. PACCAR’s recycling program is an important facet in its comprehensive environmental framework.” Several PACCAR commercial vehicle facilities have achieved “zero waste to landfill,” which has enhanced

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CPHG, MNI, NEPH Stock-PR Stock Report

stock-pr (July 22nd, 2009) Writes:

Crystal Properties Holdings Inc. (Pinksheets:CPHG - News) ANNOUNCES EXCITING NEWS! The Illinois Governor Pat Quinn signed into law the, “Jobs Now Economic Recovery Act” in the amount of $31 billion. The County in which the Crystal Properties River District Project is located, will be receiving over $400 million for Capital Improvement Projects.

Newspaper publisher and TV station owner Media General Inc. MNI said Wednesday that cost cutting helped deliver a profitable second quarter despite tumbling ad revenue.

Nephros, Inc. (OTC Bulletin Board: NEPH - News), a medical device company developing and marketing filtration products for therapeutic applications, infection control, and water purification, recently reported that is has received 510k approval from the U.S. FDA to market its Dual Stage Ultrafilters (DSU) for in-line purification of dialysate water and bicarbonate solution.

Disclaimer: Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Never

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MAIL, MNI, CVAT Stock-PR Stock WAtch for Wednesday July 21, 2009

stock-pr (July 21st, 2009) Writes:

Stock-PR Stock Report for Wednesday July 21, 2009

IncrediMail, Ltd. (MAIL)

IncrediMail Ltd. operates as an Internet company in Israel. It designs, markets, and delivers personal desktop software. The company offers its e-mail client product, IncrediMail Premium in approximately 100 countries in 10 different languages.

IncrediMail Ltd. recently announced that it is increasing the guidance previously provided regarding expected performance in 2009. The Company currently expects 2009 revenues to exceed $26 million, and Operating Income to exceed $9 million in 2009. In 2008, revenues were $21.9 million and Operating Income $0.2 million.

Visit http://www.incredimail-corp.com for more on MAIL

The McClatchy Company (MNI)

The McClatchy Company is the third-largest newspaper company in the United States, a leading newspaper and internet publisher.The McClatchy Company dates to the California Gold Rush era of 1857. In 2006, McClatchy purchased Knight Ridder Inc. to become the second-largest newspaper publisher

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PennyOmega.com Stock Report! 7/21/09, SBAC, EPIC, EXC, HAL, AHC, CYMI

Penny Omega (July 21st, 2009) Writes:

PennyOmega.com Stock Report!

PennyOmega.com Hot Stock News & Alerts!

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Tuesday, July 21, 2009

PennyOmega.com Stock Report!

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SBA Communications Corporation (Nasdaq:SBAC) announced today that its wholly owned subsidiary SBA Telecommunications, Inc., has priced an offering of $750 million of senior notes which was upsized from the previously announced $500 million, $375 million of which will be due 2016 and $375 million of which will be due 2019 , which will be guaranteed on a senior, unsecured basis by SBA. SBA expects the closing of the Notes to occur on July 24, 2009.

Epicor Software Corporation (NASDAQ: EPIC), a leading provider of enterprise business software solutions to the midmarket and Global 1000 companies, today announced its Retail Software

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DrStockPick.com Stock Report! 7/21/09, SBAC, EPIC, EXC, HAL, AHC, CYMI

Dr. Stock Pick (July 21st, 2009) Writes:

DrStockPick.com Stock Report!

Tuesday, July 21, 2009

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SBA Communications Corporation (Nasdaq:SBAC) announced today that its wholly owned subsidiary SBA Telecommunications, Inc., has priced an offering of $750 million of senior notes which was upsized from the previously announced $500 million, $375 million of which will be due 2016 and $375 million of which will be due 2019 , which will be guaranteed on a senior, unsecured basis by SBA. SBA expects the closing of the Notes to occur on July 24, 2009.

Epicor Software Corporation (NASDAQ: EPIC), a leading provider of enterprise business software solutions to the midmarket and Global 1000 companies, today announced its Retail Software as a Service (SaaS) hosted solution has been awarded compliance status with the Payment Card Industry-Data Security Standard

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McClatchy Gets Upgrade – Analyst Blog

Zacks Market Commentaries (July 2nd, 2009) Writes:

Standard & Poor's Upgrades McClatchy's Corporate Rating

On Tuesday June 30, 2009, Standard & Poor's raised its corporate credit rating for newspaper publisher McClatchy (MNI) to "CC" (highly vulnerable) from "SD," (selective default). The rating agency still holds a negative view on the company on account of its possible restructuring.

Last Friday, June 26, both Standard & Poor's and Moody's Investor Services had lowered their corporate ratings on the company following the debt exchange offer announced by McClatchy. Moody's lowered its corporate rating to "Caa2" from "Caa1", whereas Standard & Poor's lowered its credit rating to "SD" from "CC." McClatchy offered to pay $60 million in cash and issue $175 million in new notes, with a 15.75% coupon rate due 2014, to replace $1.15 billion in debt owed to its bondholders.

The reason behind downgrading was the company's dubious ability to repay debt and high default risk. On the announcement of

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Newsletter

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