Jeff Siegel: "McClatchy has lost two thirds of its value this year"

From iVoryTowerz:

Consider McClatchy, which owns 31 newspapers, the Real Cities internet franchise, and various other web companies. Its stock is at its 52-week low (about $13.30) as I write this, and it has lost two-thirds of its value this year. This week, one analyst cut the company's target price from $25 to $15 – even though McClatchy hasn't seen $25 since the end of the summer.