This blog is mainly about the spectacular train wreck at The Sacramento Bee and its parent company, the McClatchy Company. But I also post about current events, the Iraq and Afghanistan wars, politics, anything else that grabs my attention. Take a look around this blog, hope you enjoy it.
Monday, December 15, 2008
McClatchy drops 15 percent Monday
McClatchy (MNI) shares dropped 15 percent in trading on Monday. Is there an explanation to today's drop? The obvious answer is the report that McClatchy's November revenue fell 22 percent from a year ago. But MNI's share price has fluctuated so much over the past few weeks, who knows. I wouldn't be surprised to see MNI jump up 15 percent tomorrow. . The above chart shows the drop in McClatchy shares over the past year.