24/7 Wall St.
06-06-2008, 10:10 AM
24/7 Wall St. Daily News
The next newspaper company to get into real trouble is likely to be Gatehouse Media (GHS). The firm is in bad enough shape that it could be the next Journal Register. JRC, as it was known, hit hard times due to large debt and falling operating income. It was delisted from the NYSE. It would be difficult for any newspaper shares to be down as much as those of McClatchy (MNI), which is also burdened with debt and owns properties in the economically troubled regions of Florida and California. But, GHS shares are off 80% over the last year compared... http://feeds.feedburner.com/~f/typepad/RyNm?i=2eUrTI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=2eUrTI) http://feeds.feedburner.com/~f/typepad/RyNm?i=1TT5oI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=1TT5oI) http://feeds.feedburner.com/~f/typepad/RyNm?i=FNbwZi</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=FNbwZi)
complete story here... (http://www.247wallst.com/2008/06/the-train-wreck.html)
The next newspaper company to get into real trouble is likely to be Gatehouse Media (GHS). The firm is in bad enough shape that it could be the next Journal Register. JRC, as it was known, hit hard times due to large debt and falling operating income. It was delisted from the NYSE. It would be difficult for any newspaper shares to be down as much as those of McClatchy (MNI), which is also burdened with debt and owns properties in the economically troubled regions of Florida and California. But, GHS shares are off 80% over the last year compared... http://feeds.feedburner.com/~f/typepad/RyNm?i=2eUrTI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=2eUrTI) http://feeds.feedburner.com/~f/typepad/RyNm?i=1TT5oI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=1TT5oI) http://feeds.feedburner.com/~f/typepad/RyNm?i=FNbwZi</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=FNbwZi)
complete story here... (http://www.247wallst.com/2008/06/the-train-wreck.html)