Citi analyst downgrades NY Times and McClatchy, but good news for Gannett

30 Oct 2008

The New York Times and McClatchy got hit, but there’s good news for Gannett. A Citi Investment Research analyst has placed a "Sell" rating on the Times and McClatchy, while assigning a "Buy" rating to Gannett in part due to the company’s broadcast segment “that provides some downside protection to the investment.”

Citi analyst Catriona Fallon said she expects

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Brian Blum

Brian Blum covers the U.S., Canada and Israel for Classified Intelligence Report, and contributes to our special reports and research projects. Originally from San Francisco and now based in Jerusalem, he has been with the AIM Group since 2004. He is the president of Blum Interactive Media, specializing in writing and multimedia content development for online, print, video and audio. His clients include newspapers, universities and non-profits. He is currently working on a book about the billion-dollar bankruptcy of a once high-flying Israeli startup.