Newspaper Stocks Lanquish Ahead Of September Numbers
Major newspaper groups will report their September revenues within the next several days. The market does not seem to be anticipating much in terms of good news.
The New York Times (NYT) is trading at $20.10, less than a dollar from its 52-week low.
McClatchy (MNI) trades at $19.70 against a 52-week low of $19.28.
Journal Register (JRC) is changing hands at $2.73 with a 52-week low of $2.33.
Gannett (GCI) trades at $45.26 against a 52-week low of $43.63.
As September numbers and Q3 earnings come out, watch for new lows.
Douglas A. McIntyre