Stock in the combined company — now named Gannett — is down 47% this year to $6.52 as of November 26, where will it go from here? Those have more than doubled from $200 million to a range between $400 million and $500 million, according to Neimanlab. In recent quarters Gannett revenues have tumbled at a 9% rate — while on a "same-store" basis New Media revenues have fallen at a 7% rate, according to BBJ. Between August 5 and November 26, Gannett stock lost 34% of its value — which does not look like a vote of confidence in this merger. But if Gannett can cut more costs and grow faster than expected, its stock could be a bargain.

Source: Forbes November 27, 2019 15:56 UTC