Its stock rocketed some 40 percent last week, something many experts and news outlets said was because a big investor doubled its stake because it thinks that Gannett’s newspapers might have a future. It rocketed again on Monday, though it’s down 20 percent today (Tuesday). Some of that’s likely because of short sellers covering their bets on the stock’s movements.
Not only that, the company rejected the latest overture from a possible buyer on its Tucson, Arizona paper, prolonging the agony over whether the paper will close or not. Quarterly earnings are on their way this week too, which the company already said would be less than hot. Finally, USA Today is going to show up in fewer hotel rooms now that Marriott said it will start offering customers the option to get no paper at all.
Against this backdrop comes the latest press release:
USA TODAY is now making a selection of its blogs and online communities available for Amazon Kindle, a portable reader that wirelessly downloads books, blogs, magazines and newspapers to a crisp, high-resolution electronic paper display.
USA TODAY blogs and online communities featured on the Kindle include: Cruise Log, with the latest news and trends in the world of cruising; Game Hunters, an online community with a focus on video games and “interactive awesomeness;” Lifeline Live, your ticket to celebrity and entertainment news; OnDeadline, offering breaking news and must-read stories; Game On!, covering the latest sports news; The Oval, an online community dedicated to tracking the Obama administration; Pop Candy, unwrapping pop culture’s hip and hidden treasures; and Today in the Sky, delivering the latest news and analysis about airlines, airports and air travel.