McClatchy shares fall 18 percent on Thursday

McClatchy shares closed at $3.77 Thursday, down 18 percent from Wednesday's close. The market has been volatile the past few weeks, so it's too early to draw a conclusion based on McClatchy's recent stock performance. MNI has actually outperformed the DOW over the past month -- since September 9, the DOW has fallen 23 percent while McClatchy has gained 7 percent.