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