Many U.S. newspaper company shares were up on Tuesday, after the U.S. Federal Reserve dropped its key interest rate target to a record low, vowing to use "all available tools" to shield the country's economy from an even more severe economic crisis and recession, the Associated Press reported.

Shares were up for A.H. Belo Corp., E.W. Scripps Co., Gannett Co., Journal Communications and the Washington Post Co.

According to an AP article posted on Forbes.com:

• Belo shares were up 15 cents, an 8.1 percent increase, to US$2.
• E.W. Scripps shares rose by 2.4 percent, or 4 cents, to $1.72.
• Gannett shares were up 22 cents, or 3 percent, to $7.49.
• Journal Communications shares increased 4.2 percent, or 8 cents, to $1.97.
• Washington Post Co. shares were up by $4.69, a 1.3 percent increase, to $374.17.