The Bad News Never Seems To Stop At McClatchy [Forbes]
MCCLATCHY (MNI)
Last mcclatchy earnings: 11/13 09:00 am
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Source: Forbes
The Bad News Never Seems To Stop At McClatchy Even by the standards of the beleaguered newspaper industry, McClatchy has had a rough few days. The thinly traded shares of the corporate parent of the Miami Herald Charlotte Observer, Fort Worth Star-Telegram, Although the stock rebounded 25 percent Monday, keep in mind that McClatchy's stock closed at 61 cents, so tiny price changes have a dramatic impact. The shares are likely going to be delisted form The New York Stock Exchange. According to Poynter.org Analyst Rick Edmonds "The company is controlled by the McClatchy family, and its board so far has resisted a sale or the fresh start that bankruptcy reorganization could provide," he writes. "Other regional newspaper groups — Tribune Publishing, GateHouse, Digital First and the Philadelphia Newspapers — have relaunched after seeking bankruptcy protection. Like other newspaper publishers, McClatchy has failed to grow its online advertising and subscription businesses sufficiently enou
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