New York Times Stock Dips Lower Than Sunday Times
How rough are these times in the newspaper trade? So bad that shares in the New York Times Co. on Friday slumped to a low of $3.99, less than the price of the Sunday paper. (They closed at $4.06.) The stock is down 45% year to date (and down 92% from its 2002 all-time peak).
Shares in newspaper colossus Gannett Co. on Friday slumped to a low of $4.17, down 48% this year. McClatchy Co. (Miami Herald and other papers)? You can buy a share for 58 cents.
If that's more than you can handle, then go for a share of Chicago's Sun-Times Media Group. That will cost you 4 cents (change you can believe in).