Wall Street Beats Up GateHouse Again

Posted Monday, July 14, 2008 12:00 am

By: Mark Fitzgerald Shares of GateHouse Media Inc. plunged nearly 14% to a new all-time low Monday, the third consecutive trading session of double-digit declines for the community newspaper publisher.

GateHouse (NYSE: GHS) ended at $1.38, off 22 cents, or 13.92% on volume that was more than twice normal trading. Coming into Monday, GateHouse had traded in a 52-week range of $1.55 to $19.

No market-moving news or commentary was reported during the day.

Another big loser on the day was the lightly traded Journal Register Co. (JRCO.PK), whose price on the Pink Sheets fell 2 cents, or 13.33%, to 13 cents, a penny above its all-time low.

It was a mixed day for the rest of the newspaper sector, with gains by Media General Inc.; Lee Enterprises Inc.; and E.W. Scripps Co.

Decliners included Gannett Co. Inc.; The McClatchy Co.; The New York Times Co.; A.H. Belo; and The Washington Post Co.

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Wall Street Beats Up GateHouse Again

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