Gannett (NYSE:GCI) shares are taking a hit today after the print, broadcast and digital media company announced late yesterday chairman and CEO Craig Dubow has resigned due to disability.
Dubow had taken a leave of absence beginning September 15 to address continuing issues related to a prior medical condition.
President and chief operating officer Gracia Martore, who has been at the helm of the company since Dubow's medical leave, has been name president and CEO, and joined the board of directors.
Independent director Marjorie Magner has been named non-executive chairman, the company said. Magner is also a director of Accenture (NYSE:ACN) and Ally Financial.
Gannett's brands include newspaper USAToday, local television stations, and websites including Careerbuilder.com.
Gannett shares are trading up about .3% Friday.
A check of other major media companies: The New York Times Company (NYSE:NYT) is trading up over .4%, while The Washington Post Company (WPO) trades down over .4%.
McClatchy (MNI) is trading down 3%, while the E.W. Scripps Company (NASDAQ:SSP) trades down over .7%.
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