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, January 20, 2009
McClatchy shares fall 7 percent Tuesday
McClatchy (MNI) shares closed at 75 cents a share Tuesday, down 7 percent from Friday's close. By contrast, the DOW was down 4 percent. . .
2 comments:
Anonymous
said...
Update on NYT investment news At Fitz & Jen: Slim Hopes? S&P Ratings Not Impressed With NYT Co. Investment Fitz: While analysts John Janedis welcomed the investment, Standard & Poor’s Ratings Services was unmoved Tuesday by news that Mexican billionaire Carlos Slim Helu is pumping $250 million into The New York Times Co. S&P said it was keeping its BB- speculative-grade rating on its debt, and the “negative” outlook suggesting a further downgrade could be in the works.
2 comments:
Update on NYT investment news
At Fitz & Jen:
Slim Hopes? S&P Ratings Not Impressed With NYT Co. Investment
Fitz: While analysts John Janedis welcomed the investment, Standard & Poor’s Ratings Services was unmoved Tuesday by news that Mexican billionaire Carlos Slim Helu is pumping $250 million into The New York Times Co.
S&P said it was keeping its BB- speculative-grade rating on its debt, and the “negative” outlook suggesting a further downgrade could be in the works.
Concerning McClatchy's stock fall: it's always good to see bad things happen to bad people.
Post a Comment