GateHouse Media to Exit Big Board This Week

By: Mark Fitzgerald GateHouse Media Inc. stock will be de-listed by the New York Stock Exchange before the market opens this Friday, the exchange?s regulatory arm announced.

The beleagured community newspaper publisher had submitted a plan for getting back into compliance for listing -- but NYSE Regulation Inc. said it decided not to give the plan a chance.

?NYSE Regulation also determined that the ?abnormally low? price of the stock makes it appropriate to suspend the company?s common stock at this time rather than provide the company an opportunity to cure its non-compliance with the NYSE?s quantitative requirements,? the regulator said in its announcement.

GateHouse, which trades under the symbol GHS, closed at 18 cents Tuesday, and had not traded above $1 a share since July.

Under the Big Board?s listing requirements, stocks that trade below $1.05 over a 30-day average, or fall below the minimum market capitalization of $75 million, risk delisting.

GateHouse?s indicated market cap at the close of markets Tuesday was $10.46 million.