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Is Wall Street Premature In Hiking Newspaper Share Prices?
Philip M. Stone January 28, 2010 Follow on Twitter
US newspaper share prices are on the rise since the depths of last March -- McClatchy shares then hit 35 cents each but now they hover near $6; Gannett sank to $1.85 but now is around $16; and the New York Times that saw $4.12 now is more than $13. Wall Street apparently thinks the worst is over, but is it?
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