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Jim Cramer: Gannett Stock Should be Bought With all of the Spinoffs


TheStreet's Jim Cramer says that sometimes futures weigh so heavily on the market that investors can miss the hidden gems. The Gannett spin-off of their digital and broadcast businesses creates a juggernaut that Cramer thinks will be the pure digital play since they own Cars.com and CareerBuilder, the number one jobs site. On top of that, investors are getting the number one affiliate group for CBS and NBC as well as number four for ABC. Then on the pure publishing business investors are getting a bunch of different big newspapers along with USA Today. Gannett is creating a lot of wealth and Cramer thinks the stock should be bought.