McClatchy shares closed at $8.40 Wednesday, down 7 percent on the day, more than erasing the gain I noted yesterday.
I spent some time today searching for more news about the "underweight" rating given to McClatchy by JP Morgan analyst Alexia Quadrani. She speculated in a report published Tuesday that McClatchy management will buy back shares, increase the dividend, or possibility take the company private. I came up empty.
