Topic: Growth Stocks

GANNETT CO. INC. $27 – New York symbol GCI

GANNETT CO. INC. $27 (New York symbol GCI; Conservative Growth Portfolio, Consumer sector: Shares outstanding: 227.9 million; Market cap: $6.2 billion; Price-to-sales ratio: 1.2; Dividend yield: 3.0%; TSINetwork Rating: Average; www.gannett.com) plans to include USAToday, its flagship newspaper, in 35 of its local daily papers’ print and electronic editions. This is a low-cost way to expose more readers to USAToday- and attract more advertisers.

As well, the company expects its TV stations’ advertising revenue to fall 20% in the fourth quarter of 2013, as the year-earlier quarter benefited from heavy political advertising ahead of the presidential election. However, if you disregard political ads, Gannett’s broadcast revenue should rise 17%.

Gannett is a buy.

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