Friday, October 10, 2008

McClatchy shares drop 5.75 percent this week... Dow drops 18 percent

It was a wild ride on Wall Street this week, with the DOW dropping a total of 18.1 percent since Monday.

In a surprise, most newspaper stocks outperformed the Dow this week. Here's the breakdown:

The New York Times (NYT) up 2.8 percent
Media General (MEG) down 0.3 percent
McClatchy (MNI) down 5.75 percent
Lee Enterprises (LEE) down 9.8 percent
Gannett (GCI) down 15.2 percent
GateHouse Media (GHS) down 16.1 percent
Washington Post (WPO) down 21.6 percent
Belo (BLC) down 23.8 percent

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