GateHouse Media headed toward the Pink Sheets?

As reported in an earlier post, GateHouse Media stock dropped another 28 cents today, closing at $1.81.

An article in Editor & Publisher, the top magazine covering the newspaper industry mentions nothing about the company heading toward the pink sheets, a designation given to the riskiest of buys, but that reference is included in the article's headline, which reads, "Pink Sheets, here we come? GateHouse shares fall below $2."