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APRIL 9, 2009, 4:25 P.M. ET Gannett Jumps 39% As Ariel Investments Boosts Stake To 12.5%
Ariel Investments, a Chicago-based money-management firm with more than $4.4 billion in assets, said in a federal filing it now owns more than 28.8 million shares of Gannett, the publisher of USA Today and a variety of newspapers across the country. Ariel held a 4.9% stake, or about 11.1 million shares, as of Dec. 31. The stake is a passive investment.