Media World: Will Ariel get burned by Gannett?

There is a cartoon animation on the website of Ariel Investments of a turtle surrounded by woodland creatures with the motto: "Slow and Steady Wins the Race." That philosophy may explain the value investor's recent decision to double its position in the publisher Gannett Co. (GCI).

Shares of the publisher of USA Today rose 39 percent when the news was announced earlier this month. Even so, stock of the McLean, Va.-based company are down more than 50 percent. The company still trades for under $4.