11/22/2008 05:12 am ET | Updated May 25, 2011

Gannett Stock Hits 18-Year Low

On a bad day for newspaper stocks, shares of Gannett Co. (NYSE: GCI) sank Wednesday to their lowest price in 18 years.

Gannett tumbled 11.25% during the session, shaving $1.18 off its share price to close at $9.31 a share. It price, adjusted for splits and dividends, hasn't been that low since October 1990.

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