Skip to content

Journal Communications Is Teetering

March 2, 2009
Journal Communications 10 year stock chart

Journal Communications 10 year stock chart

After reducing their dividend in early February, Journal Communications continues to suffer from the effects of a poor economy and slowly fading business model.  Last Friday, their stock value broke the buck, closing at $0.94 per share.  My intention in bringing this to light isn’t to mock — any correlation between Patrick McIlheran’s tenure at JS and the stock’s price are purely coincidental —  but merely to point out an under-reported fact.  As we saw happen in Denver last week, we ought to consider the possibility of something significant happening to Journal Communications in the near future.

Advertisements

Comments are closed.

%d bloggers like this: