Tuesday, December 23, 2008

Got any spare change?

If you have 75 cents you can buy a share of stock in the Miami Herald's parent company McClatchy. That was the price at the close of business today.

That makes the Sunday edition of the Miami Herald worth more than a share of McClatchy stock. Even a cup of coffee at Starbucks costs more.

Five years ago McClatchy stock went for $67.99 a share.

And prior to McClatchy acquiring Miami Herald parent Knight Ridder in 2006 its stock was in the $50 range.

1 comment:

Feel free to comment on anything you read here.

All comments must first be approved. Spam and spam links will not be tolerated or approved.