By: Shares in most newspaper companies fell with the broader market Monday as investors feared a government bailout plan won't work quickly to unfreeze the credit markets.
Despite the drops, however, many companies actually performed better than the Standard and Poor's 500 index, which fell 6 percent in early afternoon trading.
Gannett Co. (nyse: GCI - news - people ) lost 74 cents, or 4.9 percent, to $14.44.
The Washington Post Co. (nyse: WPO - news - people ) dropped $20.94, or 4.1 percent, to $489.
The New York Times Co. (nyse: NYT - news - people ) lost 53 cents, or 4 percent, to $12.69.
E.W. Scripps Co. (nyse: SSP - news - people ) lost 17 cents, or 2.5 percent, to $6.75.
McClatchy (nyse: MNI - news - people ) Co. fell 10 cents, or 2.3 percent, to $4.25.
A.H. Belo Corp. (nyse: AHC - news - people ), meanwhile, gained 17 cents, or 4.1 percent, to $4.32.
Among the companies that did worse than the broader market:
Media General (nyse: MEG - news - people ) Inc. lost $1.14, or 9.9 percent, to $10.39.
Lee Enterprises Inc. (nyse: LEE - news - people ) fell 38 cents, or 12.5 percent, to $2.67.
Newspaper companies have been suffering in recent months as a worsening economy weighed down an advertising market already troubled by the flight of readership and advertising dollars to the Internet.
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