Updating GANNETT CO. INC., ALCOA INC., FORD MOTOR CO., and PROCTER & GAMBLE CO.

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GANNETT CO. INC. $22 (New York symbol GCI; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 229.6 million; Market cap: $5.1 billion; Price-to-sales ratio: 0.9; Dividend yield: 3.6%; TSINetwork Rating: Average; www.gannett.com) earned $86.0 million in the first quarter of 2013. That’s up 6.5% from $80.8 million a year earlier. Earnings per share rose 8.8%, to $0.37 from $0.34, on fewer shares outstanding. Revenue climbed 1.6%, to $1.24 billion from $1.22 billion. The company continues to benefit from its move to charge users for access to its newspapers’ websites: revenue from its Internet operations (which supply 15% of the total) rose 3.9%. It now has 50,000 digital subscribers and feels this will rise to 300,000 by 2014. However, weaker demand for print advertising cut revenue at Gannett’s newspaper division (69% of revenue) by 0.3%. Revenue from its 23 TV stations (16%) rose 8.7% due to higher retransmission fees from cable and satellite TV operators. Gannett is a buy. ALCOA INC. $8.58…