Experience of Gannett’s Board of Directors Could Serve to Undergird Investor Confidence

As financial analysts spin out doom-and-gloom scenarios amidst forebodings of a coming recession, the Gannett Company, Inc trumpeting optimistic predictions that forecast future earnings for the company.

In fact, Gannett Executive Vice President/CFO Gracia Martore expects earnings per share to be in the range consistent with many analysts’ estimates of $1.26 to $1.29 for the fourth quarter of 2007, according to remarks attributed to her in a company press release. 

Gannett owns USA Today, the nation’s largest selling newspaper, and 85 other dailies as well as nearly 1,000 non-daily publications that provide the company with numerous revenue streams.

Still, the company doesn’t appear to be resting on those laurels, since it has an aggressive plan in place for future growth.

“Gannett is focused on achieving our strategic goal of becoming the digital destination for local news and information in all our markets,” said company President/CEO/Chairman Craig A Dubow in the same press release.

“We have made dramatic changes in our operating structure, newsrooms, mindset and culture in a short time that’s all designed to implement this focused digital strategy.  In all, it’s been an exciting and challenging year at Gannett, despite the impact of the economy in our markets,” he added.

Since investors would be curious to learn who must have signed off on the company’s long-term strategic plan, NewsVisual created an IntellectSpace Knowledge Map of Gannett’s Board of Directors in order to assess their level of experience and business involvement, not to mention to assess the worthiness of the company’s plan as well.

The Knowledge Map shows that the following Gannett Directors are currently serving on the Board of Directors of other companies:

Director Donna E Shalala, a former Secretary of Health and Human Services during the Clinton Administration, currently serves on the board of Lennar Corp; Director Duncan M McFarland currently serves on the boards of NYSE Euronext, Inc and The Asia Pacific Fund, Inc; Director Marjorie Magner also serves on the board of The Charles Schwab Corp; and Director Karen Hastie Williams serves on four other corporate boards, including The Chubb Corp, Continental Airlines, Inc, SunTrust Banks, Inc, and WGL Holdings, Inc.

(Note: the information contained and presented in Knowledge Maps is public information from the Securities and Exchange Commission of the United States of America).

Click here or copy this link into your Internet Explorer browser for an interactive version of this IntellectSpace Knowledge Map: http://nv.intellectspace.com/ispace/GuestMonitor.aspx?id=b333a0cd-99e5-4286-80fc-ea00c97ebcb1