Tuesday, July 1, 2008

Not again!... McClatchy hits another 52-week low

McClatchy (MNI) shares hit another 52-week low in trading on Tuesday. The above chart shows the drop in McClatchy shares over the past year. The closing price July 2, 2007 was $25.83 a share. Today, McClatchy is hovering around $6.28 a share.

McClatchy's former property, the Minneapolis Star Tribune, has stopped making debt payments. Is McClatchy next?