Thursday, September 18, 2008

KOAM parent falls 53 cents per share

Publicly traded media companies with properties in the Joplin area continued Wednesday to suffer through the same problems facing all of Wall Street.

GateHouse Media, as noted in an earlier post, closed at 33 cents per share, after dipping to an all-time low of 30 cents earlier in the day.

Saga Communications, owner of KOAM and KFJX in the Joplin/Pittsburg market, stood at $6.17 per share two days ago, but closed Wednesday at $5.21, a 43-cent drop from Tuesday.

Nexstar Broadcasting, owner of KSNF in Joplin and KSFX in Springfield, and de facto owner of KODE in Joplin and KOLR in Springfield, was at $3.11 per share Monday, but closed at $2.61 Wednesday, down 14 cents per share from Tuesday.

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