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.
Wednesday, February 4, 2009
Gannett stock hits all-time low on Tuesday...
Gannett stock hit an all-time low Tuesday. Will McClatchy, trading at just pennies above its all-time low, set a new all-time low this week? . .
1 comment:
Anonymous
said...
I try to watch the newspaper industry in general because the problems are common. There was one bit of news at Gannett today. Way back when, McClatchy set a firewall stock price at $5. The cuts and steps they took did not stop the slide, but the excerpt below explains the importance of that $5 mark. -------------- Gannett's stock has just closed at $4.96 a share, a critical level that could spur mutual funds and other big investors to dump it from their portfolios, risking further decline. Such institutional investors own most of the shares, and are[ prohibited by their charters from holding stock worth less than $5.]
1 comment:
I try to watch the newspaper industry in general because the problems are common. There was one bit of news at Gannett today. Way back when, McClatchy set a firewall stock price at $5. The cuts and steps they took did not stop the slide, but the excerpt below explains the importance of that $5 mark.
--------------
Gannett's stock has just closed at $4.96 a share, a critical level that could spur mutual funds and other big investors to dump it from their portfolios, risking further decline. Such institutional investors own most of the shares, and are[ prohibited by their charters from holding stock worth less than $5.]
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