The Gannett Co., the nation's largest newspaper publisher, and AT&T;, the leading provider of long-distance telephone service, last week named new chief executive officers. The change in command at Ma Bell had been anticipated, but the timing of the Gannett switch came as a surprise.
When Gannett shareholders trooped into the Capital Hilton ballroom in Washington last week for the company's annual meeting, they expected a lively session. Only one day before, Gannett had agreed to buy Louisville's Pulitzer Prize-winning Courier-Journal and Times for about $300 million, outbidding both the Washington Post Co. and Chicago's Tribune Co. Within the past year,...
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