New York Times Company Stock Plunges 15 Percent in One Week
By John Koblin
July 15, 2008 | 5:39 p.m
NYT Co. stock took another nosedive today, dropping 2.73 percent to $12.85. That means in the last week, Times Company stock has fallen $2.21, or 15 percent.
The big hit came after Craig Huber, an analyst at Lehman Brothers, wrote to investors last week: "We continue to think the board and management would think long and hard about selling assets and repurchasing shares again until it gets a much better handle on where the fundamentals of the newspaper industry are going."
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