Wednesday, December 17, 2008

Gannett, Nexstar stocks up, Saga down

Gannett, which has ruffled feathers with some of its cuts across the country while it is still making sizable profits, saw its stock rise 61 cents per share Tuesday to $7.88. That, of course, is a far cry from the company's glory days, but it appears nothing makes stockholders feel better than sacrificing some employees. Gannett owns the Springfield News-Leader.

Meanwhile, Nexstar Broadcasting, which has fallen to 60 cents per share, bounced back mildly to 68 cents. Nexstar operates KODE and KSNF in the Joplin market and KOLR and KSFX in the Springfield market.

Saga Communications, owner of KOAM and KFJX in the Joplin market, went in the opposite direction, dropping 20 cents to $1.70 per share.

No comments: