Earlier today I blogged about a published report that the McClatchy family may take the company private. The speculation, which caused a huge jump in McClatchy share price in the closing minutes of Thursday's trading, was based on billionaire investor Michael Price saying “It’s up to the family to take it private at some point.”
According to Bloomberg, McClatchy spokeswoman Elaine Lintecum said the company "does not comment on market rumors.''
Rumor or not, this development is a reminder that McClatchy shareholders aren't happy. McClatchy shares are trading at the lowest price in 16 years, and the outlook for 2008 is not promising for shareholders.
