GateHouse Media Stock Hits New Low On Bad Day For Newspapers

Posted Monday, June 2, 2008 12:00 am

By: Mark Fitzgerald GateHouse Media Inc. stock hit a new low price Monday as the swooning Dow Jones Industrial Average dragged down nearly the entire newspaper sector.

GateHouse (NYSE: GHS) closed at $3.90, down 29 cents, or 6.92%. It had traded in a 52-week range of $4.12 to $20.15.

Of the 13 publicly traded newspaper stocks E&P tracks, 11 were down on the day, with one, Journal Register (OTC: JRCO.PK) unchanged. The other stock traded on the Over The Counter market, Sun-Times Media Group (OTC: SUTM.PK) was up on the day, closing at 49 cents, a gain of 4 cents, or 8.89%.

Other notable stock price dips included The McClatchy Co. (NYSE: MNI), which ended the day at $8.53, off 27 cents, or 3.07%.

The Washington Post Co. (NYSE: WPO) fell $24.37, or 3.88%, to $604.05.

Monday's biggest percentage loser was the thinly traded American Community Newspapers (AMEX: ANE), which closed at 25 cents, down 3 cents, or 10.71%.

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GateHouse Media Stock Hits New Low On Bad Day For Newspapers

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