Fitch keeps negative newspaper outlook |
|
|
|
Published
:
Wed, 29 Aug 2007 18:53
|
CHICAGO (AP) - Fitch Ratings maintained its negative outlook on the newspaper sector Wednesday on weaker-than-expected year-to-date operating results.The agency said it is concerned about soft July classified results at publishers, including Gannett Co., Tribune Co. and McClatchy Co.Fitch said it will continue to keep an eye on issues including real estate ad trends, pricing and costs.Shares of Gannett added 12 cents to $47.21 in afternoon trading, while McClatchy's stock shed 11 cents to $22.36. Shares of Tribune fell 56 cents, or 2 percent, to $27.31. The stock has traded between $22.78 and $34.28 over the past year.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
|
|
|
|
Print this Story
Novelis assigned negative outlook - Fitch 