Wednesday, October 25, 2006

GateHouse IPO raises $248 million on first day

Apparently, a market exists for old fashioned newspaper companies.
The Boston Globe reports

The newspaper says 13.8 million shares were sold Tuesday, the first day of the company's initial public offering, for $248.4 million.
GateHouse Media owns hundreds of publications, including The Carthage Press, Joplin Daily, Neosho Daily News, and the Big Nickel.

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