Friday, August 08, 2008

GateHouse Media stock rises after no-dividend announcement

GateHouse Media stock rose as high as 87 cents this morning after the company released its second quarter results and announced it was suspending its dividend. The price per share has fallen back to 73 cents at present, up four cents over Thursday's closing price of 69 cents.

GateHouse Media owns The Carthage Press, Neosho Daily News, Neosho Post, Big Nickel, Greenfield Vedette, Aurora Advertiser, and Pittsburg Morning Sun in this area.

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