Here’s Why Newspaper Stocks are Getting Ripped Now

Newspaper publishing stocks got hit hard on news Gannett Co. (NYSE:GCI) fell 7.1% after the Audit Bureau of Circulation’s latest report on newspaper circulation for the six months ended Sept. 30.

The company’s USA Today remained the second-most distributed newspaper in the U.S., with 1.8 million readers. New York Times Co. (NYSE:NYT) fell 5.6%, and Media General Inc. (NYSE:MEG) fell 5%; while E.W. Scripps Co. (NYSE:SSP) fell 4.7% and McClatchy Co. (NYSE:MNI) fell 3.2%. News Corp. (NASDAQ:NWSA) fell 4.3%. The Wall Street Journal maintained its status as the No. 1 U.S. newspaper, with more than 2 million readers. News Corp. also owns MarketWatch, the publisher of this report.

Here’s how newspaper stocks closed today:

  • Gannett Co., Inc. (NYSE:GCI): The shares recently traded at $11.08, down $0.61, or 5.22%. Its market capitalization is $2.67 billion. They have traded in a 52-week range of $8.28 to $18.93. Volume today was 5,328,861 shares versus a 3-month average volume of 6,087,720 shares. The company’s trailing P/E is 5.23, while trailing earnings are $2.12 per share. The company pays a dividend of $0.32 per share for a dividend yield of 2.60%. About the company: Gannett Co., Inc. is an international news and information company that publishes various daily newspapers in the United States and the United Kingdom, including “USA TODAY” and “USA WEEKEND,” a newspaper magazine. The Company also operates television stations in major United States markets as well as operates websites offering news, information and advertising. Get the most recent company news and stock data here >>
  • The New York Times Company (NYSE:NYT): The shares recently traded at $7.16, down $0.46, or 6.04%. Its market capitalization is $1.06 billion. They have traded in a 52-week range of $5.50 to $11.72. Volume today was 1,855,868 shares versus a 3-month average volume of 2,350,850 shares. The company’s trailing earnings are $-0.20 per share. About the company: The New York Times Company, a diversified media company, conducts operations in newspapers, magazines, television and radio stations, and electronic information and publishing. The Company’s publications include “The New York Times,” “The Boston Globe,” and the “International Herald Tribune.”. New York Times also holds interests in a newsprint mill and a paper mill. Get the most recent company news and stock data here >>
  • Media General, Inc. (NYSE:MEG): The shares recently traded at $2.90, down $0.12, or 3.97%. Its market capitalization is $65.30 million. They have traded in a 52-week range of $1.14 to $7.73. Volume today was 180,628 shares versus a 3-month average volume of 225,622 shares. The company’s trailing earnings are $-2.76 per share. About the company: Media General, Inc. is a diversified communications company situated primarily in the southeastern United States. The Company holds interests in newspapers, television stations, interactive media, and diversified information services. Media General owns various daily newspapers, network-affiliated television stations, and interactive media offerings such as online enterprises. Get the most recent company news and stock data here >>
  • The E. W. Scripps Company (NYSE:SSP): The shares recently traded at $7.90, down $0.44, or 5.28%. Its market capitalization is $452.80 million. They have traded in a 52-week range of $6.36 to $10.56. Volume today was 195,956 shares versus a 3-month average volume of 323,755 shares. The company’s trailing P/E is 25.24, while trailing earnings are $0.31 per share. About the company: The E.W. Scripps Company has interests in newspaper publishing, broadcast television, national television networks, interactive media, and television retailing. The Company’s conducts operations worldwide. Get the most recent company news and stock data here >>
  • The McClatchy Company (NYSE:MNI): The shares recently traded at $1.48, down $0.09, or 5.73%. Its market capitalization is $126.10 million. They have traded in a 52-week range of $1.13 to $5.61. Volume today was 326,912 shares versus a 3-month average volume of 659,237 shares. The company’s trailing P/E is 4.64, while trailing earnings are $0.32 per share. About the company: The McClatchy Company publishes daily and non-daily newspapers located in western coastal states, North and South Carolina, and Minnesota. The Company also owns and operates other media-related businesses, including a national online publishing operation, as well as a national newspaper marketing company. Get the most recent company news and stock data here >>
  • News Corp. (NASDAQ:NWSA): The shares recently traded at $16.69, down $0.83, or 4.74%. Its market capitalization is $43.84 billion. They have traded in a 52-week range of $13.38 to $18.35. Volume today was 24,119,713 shares versus a 3-month average volume of 31,503,800 shares. The company’s trailing P/E is 16.06, while trailing earnings are $1.04 per share. The company pays a dividend of $0.19 per share for a dividend yield of 1.10%. About the company: News Corporation is a diversified global media company. The Company’s operations include the production and distribution of motion pictures and television programming. The Company provides television, direct satellite, and cable broadcasting and the publication of newspapers, magazines, books and promotional inserts. Get the most recent company news and stock data here >>