“McClatchy: Our stake in the Seattle Times is now worthless (Dinosaur Media DeathWatch)
BOL!
This is a prime example of a blackened/badly damaged pot calling another blackened/badly damaged pot, worthless.
Today, MNI, McClatchy, stock dropped a penny to 41 cents per share.
Last Trade: 0.41
Trade Time: 4:01pm ET
Change: -0.01 (-2.38%)
Owning MNI stock is very close to being worthless.
http://www.editorandpublisher.com/eandp/columns/forestwebs_display.jsp?vnu_content_id=1003947385
FORESTWEB Report: Newsprint Output Down, But Mills Are Up
North American newsprint output and production in January fell by roughly a fifth year-over-year, but mill inventories were up dramatically. In addition, the newsprint sector’s curtailments were reflected in low operating rates.