Pink Sheets, Here We Come? GateHouse Shares Fall Below $2

By: Mark Fitzgerald

Shares of GateHouse Media Inc. fell below $2 Thursday, plummeting more than 13% on the day.

GateHouse (NYSE: GHS) closed at $1.81, down 28 cents, or 13.4%. Its previous low had been $2.09. In the past year, it has traded as high as $19.00.

Newspaper stocks were generally down across the sector, but far more modestly.

Media General Inc. (NYSE: MEG) closed at $10.87, down 63 cents, or 5.84%.

The McClatchy Co. (NYSE: MNI) fell 24 cents, or 4.52%, to close at $5.07.

Shares of The New York Times Co., Gannett Co. Inc., and A.H. Belo were all down in a range of 1.5% to 2.75%.

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