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Louis Brown’s Street Smart Systems » Gannett to charge for online content
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post Gannett to charge for online content

February 22nd, 2012

Filed under: News — Louis Brown @ 8:23 am

Stock in USA Today publisher Gannett Co. Inc. rallied Wednesday after the company more than doubled its dividend, said it would return more than $1 billion to shareholders and announced plans to start charging for online digital content at all of its community newspapers. At an Investor Day in New York Wednesday, Gannett executives outlined a new growth strategy and capital policies it says will return $1.3 billion to shareholders by 2015 from the company’s cash flow. The company will buy back $300 million in stock over the next two years, and boosted its quarterly dividend from 8 cents per share to 20 cents per share…

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