Gannett told investors Wednesday it plans to return $1.3 billion...
Gannett told investors Wednesday it plans to return $1.3 billion of its cash flow to shareholders by 2015. The company’s board authorized a 150 percent increase in its dividend to 20 cents a quarter, Gannett said. And the board approved…
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an acceleration of its $300 million stock buyback program, now targeted to be completed within two years. Meanwhile, it said “the company will continue to evaluate bolt-on acquisitions similar to Fantasy Sports Ventures … but has no current plans to pursue sizeable acquisitions.” Gannett shares gained 4.2 percent Wednesday.