Wednesday, October 10, 2007

MNI Shares Tumble

This story is getting kind of repetitive but McClatchy shares hit another 52-week low yesterday.

The interesting thing is that the company "did not make a formal announcement Tuesday that would have prompted the slide. The company will release its third-quarter earnings Oct. 16."

I'm guessing that this sudden downward move is in anticipation of more bad news on the revenue and circulation front.

Ouch.

2 comments:

Tio said...

Looks like Oscar Corral has also taken a tumble. Where is the cub reporter?

Anonymous said...

What did McClatchy finally report on October 16?