Media stocks are getting killed lately — especially stocks of companies that are tied to newspapers.
Journal Broadcast Group is no exception — with its stock trading very near its 52-week low of $6.37/share. The stock traded as high as $14 last year.
But… they aren’t alone. Citadel Communications is seeing a similar pattern - with a high of $10, now trading at less than $2. Talk about two buck chuck
on Apr 11th, 2008 at 9:05 am
And how is Belo doing? Come on let’s be fair.
Editor’s note: Crappy. So is McClatchy.
on Apr 11th, 2008 at 10:09 am
This is why I keep my money in a sock underneath my mattress.