MNI
MNI Articles
Newspaper chain Gatehouse (GHS) has been down as much as 15% today on poor earnings and a downgrade from "buy" to "neutral" at Goldman Sachs (GS). And, this may just be the beginning. Gatehouse...
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IMS Health (RX) Bad numbers and a downgrade. Falls to $21.20 from 52-week high of $33.12. The PMI Group (PMI) Housing and mortgage markets hurt quarter. Falls to $22.80 from 52-week high of $51.46....
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Dominos Pizza (DPZ) Quarterly profits drop along with shares. Down to $14.22 from 52-week high of $35.67. Standard Pacific (SPF) Home builder on a day with more bad news about housing sales. Off to...
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McClatchy (MNI) has just ended its investor conference call for the third quarter results. In the discussion of paying down debt, there was talk of selling land in Miami and a tax refund on the sale...
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Toyota (TM) Hard to believe. Must be the UAW settlement. Drops $107.70 from 52-week high of $138. Nautilus (NLS) Fitness company cuts jobs. Down to $6.74 from 52-week high of $18.63. Standard Pacific...
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Major newspaper groups will report their September revenues within the next several days. The market does not seem to be anticipating much in terms of good news. The New York Times (NYT) is trading...
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Sisyphus kept moving that rock up the hill and it kept coming back at him. Newspaper executives must feel that way. John Morton, a long-time analyst of the industry made the point in the American...
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The head of the CBSNews.com division of CBS (CBS) is leaving to become CEO of big news and comment blog Huffington Post. Huffington has 3.5 million unique visitors per month and is listed as the...
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Just a year ago, it would have been unthinkable that a major newspaper chain could miss its debt payments, But, that has now become a possibility at two of the larger public companies in the...
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Circuit City (CC) After announcing weak financials, can’t get off the list. Down to $8.07 from 52-week high of $29.31. Standard Pacific (SPF) California homebuilder said it would stop paying a...
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GM (GM) cut advertising 28% in the first half of the year. The FT writes that Nielsen Monitor reports "overall spending in the first half of the year fell by 0.5 per cent with the biggest declines in...
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Large newspaper chain McClatchy (MNI), which doubled down on the industry by purchasing Knight-Ridder, had a disaster of an August. The company reported that consolidated advertising revenues in...
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Shares of The New York Times Company (NYT) are off as much as 2.5% today to a 52-week low on another analyst downgrade. Merrill Lynch cut the shares to "sell" from "neutral." The firm also put a...
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Bank of America initiated coverage on several newspaper companies and the news for them was not good. Gannett (GCI), McClathchy (MNI), The New York Times (NYT), and EW Scripps (SSP) were all started...
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If a company has to operate in a declining business, it might as well make it worthwhile to shareholders. Gannett (GCI) increased its dividend 29% today, to $.40 per quarter. Gannett already has an...
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