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.
Tuesday, December 23, 2008
McClatchy stock hits all time low of 65 cents a share, before ending the day at 75 cents a share (updated)
McClatchy (MNI) shares hit an all time low of 65 cents a share Tuesday, before ending the day at 75 cents a share.
McClatchy's stock has been pummelled the past 5 days, dropping more than 55 percent. At this low level, McClatchy faces the prospect of being delisted from the New York Stock Exchange.