Tuesday, October 21, 2008

New York Stock Exchange to delist GateHouse Media Friday

GateHouse Media's days on the big board are numbered.

The New York Stock Exchange will delist the company prior to the open of trading Friday:

This action was taken because GateHouse Media has not satisfied the New York Stock Exchange's ("NYSE") continued listing standard requiring the Company to maintain an average global market capitalization over a consecutive 30 trading-day period of not less than $25 million, which is the minimum threshold for continued listing.
The Company expects its common stock will be traded in the over-the-counter market and quoted on the OTC Bulletin Board after delisting from the NYSE under a ticker symbol yet to be assigned.

Company stock was trading at 18 cents per share at the close Tuesday, down four cents from Monday's closing price, and just three cents above the all-time low of 15 cents per share.

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

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