Posted by Curt on 1 July, 2008 at 12:01 am. 4 comments already!

Couldn’t have happened to a better tabloid newspaper: (h/t McClatchy Watch)

Shares of The McClatchy Co. dropped almost 6 percent in trading Monday and fell to a new 52-week low, after the newspaper publisher was removed from the Russell 1000, a closely watched index.

The Sacramento-based company has been battling declining advertising revenue and fewer readers for the past few months. The drop in earnings and revenue prompted 10 percent across-the-board layoffs

Lets take a gander at their steller performance/a> shall we?

mni.png

When you try to sell crap the market usually sends you packing. This finally appears to be happening.

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