The corporate Goliath of the media world, Gannett Co., walks away tomorrow from nearly four decades of newspaper ownership in Hawaii after selling the spoils to the owner of its longtime rival Honolulu Star-Bulletin. According to industry analyst John Morton, "Gannett was essentially the winner in all this, but they elected to withdraw by selling." "At some point in a competitive situation, even when you have a company with very deep pockets, if they suspect that their opponent is going to stick in there even if it is losing money—it just might not be worth it for them to stay,"...