Tuesday, April 27, 2010

Stock | NYT, other newspaper shares get creamed

NYT Co.'s stock closed moments ago at $10.45 a share, down 7.3%, as newspaper stocks swooned during a day when markets overall fell on worries over Europe's growing debt crisis.

The news stocks were hit harder, however. Gannett closed at $17.54, down 6%. Shares in News Corp. fell 3.3%, closing at $17.98. The S&P 500 Index, a broader measure of overall stock market activity, fell 2.3%. The Dow Jones Industrial Average closed down 213 points, or 1.9%, Google Finance says.

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