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AP Gannett's Profit Falls 11.5 Percent in 1Q Wednesday April 12, 10:25 am ET Newspaper Publisher Gannett's Profit Drops 11.5 Percent in 1Q; Shares Fall 27 Cents NEW YORK (AP) -- Gannett Co., the largest newspaper publisher in the country, reported Wednesday an 11.5 percent decline in profit for its first quarter as the company began expensing stock options and recording costs from its new newspaper partnership in Detroit. Gannett earned $235.3 million, or 99 cents per share, in the thirteen weeks ending March 26, down from $265.7 million, or $1.05 per share, in the same period a year ago,...