I think the revenues were disappointing.
The fact the company will potentially or possibly include a sale in its bag of options makes it more formal. I would think things would slow down here for awhile because Goldman is going to have to send some people out and put the numbers together.
From a conceptual point of view it makes sense, given that the companies have worked together in the past. Dean seems to like big competitive metro markets. Gannett has an aversion to those, so it might make sense for the two to combine.
The New York Times, despite having a pretty good strategy with regard to both print and online, has probably had some of the most sluggish ad revenue growth in the newspaper industry and at the same time has incurred more cost increases than its peers.
Some excitement is warranted, but the question is, how much? Either the stock is correct in that the recovery and earnings are going to be faster than analysts like me have predicted, or we're going to see the stock grind lower to a more sensible level in the next few months.
The Boston Globe is just struggling mightily. It's a function of the Boston economy; it's a function of the mergers of advertisers like Bank of America and Fleet.
We still believe the outlook is very bright.
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