Gannett to charge for online content
February 22nd, 2012
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…



