Shares of MNI hit another 52-week low of $7.35 during trading today. This despite the announcement of layoffs and other policies that that company projects will lower expenses by close to $100 million. Newsosaur believes these reductions may not be enough and that further layoffs may be necessary. Wall Street seems to agree.
Thursday, June 19, 2008
Even more bad news for McClatchy
By H. Gomez, Herald Watch at 2:50 PM
Labels: Blog Buddies, Layoffs, Newspaper Business, Share Price
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