Tuesday, May 20, 2008

Saga Communications drops below $5 a share

Saga Communications, owner of KOAM and KFJX in the Joplin/Pittsburg market, continued a steady drop in its stock price Monday falling 12 cents per share to close at $4.93. The stock was selling for $10.02 per share one year ago.

Nexstar Broadcasting, owner of KSNF in Joplin and KSFX in Springfield, and de facto owner of KODE in Joplin and KOLR in Springfield, closed at $8.94 Monday down 16 cents. Nexstar stock has been steadily rising over the past several days, but is far below the $14.98 per share it was selling at a year ago.

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