A top news story of the week for Gannett is that the President, Chairman and CEO of Gannett will be on sick leave for back surgery that he had on Monday. According to a statement released by the company says that Dubow's is looking forward to a full recovery. 

However it also stated that it does not know the length of time Dubow could be out, but the statement says his doctors say it could be about 4 months. 

I think this is going to be very interesting for the company. The CFO is going to take over Dubow's responsibility while he is out, and the company says they have no intentions to replace Dubows. But in a time where the newspaper industry is changing by the day it is hard for me to imagine stopping for at least four months. 

According to their 2008 financial report Gannett lost over 6 million last year in net income. This year has been no turn around, so with 2008 in the red and Dubow being out for most of the rest of the year it should be interesting if there are changes in the top management of Gannett.