What's this blog really about?

You may notice a variety of topics here - from business, to charity promotion, even to local news, but the primary reason this blog was created was to alert readers to the hostile atmosphere and sexual harassment at The Danville Register & Bee. The readers and creator of this blog want a FULL FRONT PAGE apology in the Danville Register & Bee, plus the disciplining of those individuals involved. Until then, we'll continue to post regular updates. To tolerate THIS kind of behavior by a major media network is intolerable. And this isn't just ONE instance. Media General has been sued nationwide for racism and sexism, yet they CONTINUE to keep the offenders employed. Why? And why am I doing this? TRUTH compels me.

Sunday, July 27, 2008

Media General hits NEW LOW!

The Editor and Publisher, a journal covering the newspaper industry, posted news today that any stockholder already knows. Media General stock is in the toilet and not likely to recover.

Media General hit a new 52-week low Thursday. According to E&P, the newspaper industry's stock slump generally outpaced even the Dow Jones Industrial Average sell-off of more than 3%. Media General was behind only Gannett in the top four media companies in LOSS.

Hitting new lows were Gannett Co. Inc.; Media General Inc.; The McClatchy Co.; and A.H. Belo, whose stock has lost 63% of its value since its spin-off as a newspaper pure-play just four months ago.

Media General (NYSE: MEG) hit a 52-week low of $12.95, trading off 83 cents, or 6.02%. It had traded in a range of $12.96 to $34.82.

A.H. Belo (NYSE: AHC) fell 59 cents, or 8.93% from its open to end trading Thursday at $6.02. It had traded in a range of $6.03 to $16.35.

Gannett (NYSE: GCI) closed at $21.79, down 96 cents, or 4.22. Its previous low had been $21.89. In the past year, it has traded as high as $55.80.

McClatchy's (NYSE: MNI) loss of 25 cents, or 3.33%, established a new 52-week low of $7.25. It had traded as low as $7.35 and as high as $28.73.

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