McClatchy's market cap keeps shrinking -- as of close of business Monday, MNI's market cap was down to $34.8 million. In February, MNI's market cap was over $40 million. (Note: original figure I quoted, $34.2 million, was low by .6 million, my error: source.)
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7 comments:
Well, hell, I could buy MNI now with the money in my wallet.
If only it weren't for the $2B in debt that's tied to it...
Pruitt is dragging down the McClatchy newspapers by firing the experienced staff. After readers decide the print form is a piece of shit, why would they pant for an online version of the same crap?
Better news sites are building their loyal readers while Pruitt bobs and weaves his little boat through shark infested waters. "A capable hand on the tiller," what is Weaver smoking?
What to do when all you have left are lefty Marxists?
live happy
Look again at the numbers at the end of the day. The correct figure I believe is: Market Cap 49.83M.
I don't know where the 34.2M came from.
If you really want to puke go to that toad Howard Weaver's blog. It contains a long winded speech by Pruitt to a large group of newspaper editors and publishers. He ended it with that tired rock and roll nonsense he's so fond of. I think I would be safe to say if Pruitt came to any newsroom and tried to give a speech like that he would be beaten to a pulp then taken to the highest floor of the building and tosses off. He's driven McClatchy off a cliff and says the hardest thing he had to decide was which song he should pick to go with a slideshow? WTF? And of course hiw towel boy and toadie Weaver pants like a dog and drools on himself talking it up.
Correct figure for close of business 4/13/09 is $34.8 million, fixed the error, apologies.
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