WAN-IFRA

Shaping the Future of the Newspaper

Date

Fri - 25.05.2012


U.S. newspaper companies end Tuesday on positive note

U.S. newspaper companies end Tuesday on positive note

Wall Street closed Tuesday with all publicly traded newspaper companies in positive territory, Editor & Publisher reported.

The newspaper sector's biggest gainer was the Sun-Times Media Group, which closed the day at 79 cents, a 19 cent (27.1 percent) increase. Previously, STMG had been barred from on-the-floor trading because of its low stock price.

The New York Times Co. also increased, closing at US$18.95, up 21 cents (1.12 percent) on the day. Before markets opened Tuesday, the Times reported its February ad revenue was down 6.6 percent from a year earlier, and its classified ad revenue was down by more than 20 percent in 2008, E&P reported.

Other newspaper companies seeing gains were Lee Enterprises, which closed up 57 cents, at $10.61; Media General Inc., up 79 cents, at $15.56; and GateHouse Media Inc, up 27 cents, at $5.92, according to E&P.

The Journal Register Co., like STMG, has also been barred from on-the-floor trading. It remained unchanged at 80 cents a share.

Tags

Author

Leah McBride Mensching

Date

2008-03-20 04:25

Shaping the Future of the Newspaper


© 2012 WAN-IFRA - World Association of Newspapers and News Publishers

Footer Navigation