Post-Tribune, GCI safe from Wall Street?

Industry leader Gannett is now the only large, publicly traded and non-family controlled newspaper publisher, says a new Associated Press story.

“But,” the AP says, “that company has long been well-regarded on Wall Street and doesn’t have any single large shareholder who could shake things up, as was the case at both Tribune and Knight Ridder.”

Maybe. And maybe not. If memory serves, Knight Ridder felt the pressure of several shareholders, led by Private Capital Management, ganging up on that chain. Who’s to say that couldn’t happen to GCI?

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