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JRC hires Lazard Freres to 'review options'

Discussion in 'Journalism topics only' started by goalmouth, Apr 7, 2008.

  1. goalmouth

    goalmouth Active Member

    Stock has fallen 92% in a year. Now I remember why I stuff newsprint in my ears whenever newspapers talk business.

    NEW YORK (Thomson Financial) - Journal Register Co. Monday said it hired Lazard Freres & Co. as its financial adviser as it evaluates strategic options.

    Shares of the Yardley, Pa.-based media company closed Friday at 52 cents. The stock is down about 92% over the past 52 weeks.
     
  2. TheSportsPredictor

    TheSportsPredictor Well-Known Member

    Nice job by Thomson getting out of the newspaper biz in time so it could deliver news reports on the demise of newspapers.
     
  3. 2muchcoffeeman

    2muchcoffeeman Active Member

    And in the wake of that announcement, JRC stock has dropped to 30 cents a share --- 22-cent drop (-42.31%) since Friday's close.

    And two cents dropped since I started typing this post.
     
  4. Frank_Ridgeway

    Frank_Ridgeway Well-Known Member

    NYT had it Saturday and so did we:

    http://www.sportsjournalists.com/forum/threads/54201/
     
  5. 2muchcoffeeman

    2muchcoffeeman Active Member

    24 cents a share as we speak.

    All-time low, obviously.

    This thing might be done by midweek.
     
  6. slappy4428

    slappy4428 Active Member

    When it hits .01, I am so buying 10 bucks worth to see what will happen...
     
  7. 2muchcoffeeman

    2muchcoffeeman Active Member

    At the current rate, that will happen before 4 p.m.
     
  8. Starman

    Starman Well-Known Member

    [​IMG]

    [​IMG]

    [​IMG]
     
    Last edited by a moderator: Dec 15, 2014
  9. dixiehack

    dixiehack Well-Known Member

    Fixed.
     
  10. lono

    lono Active Member

    Closes at $0.22.

    It's really true, Bob: You can't take it with you.

    Especially not where you're headed.

    [​IMG]
     
    Last edited by a moderator: Dec 15, 2014
  11. Michael_ Gee

    Michael_ Gee Well-Known Member

    I'll bet its been a long, long time since anybody at Lazard Freres was working for a client selling at 22 cents a share.
     
  12. BYH

    BYH Active Member

    I cannot think of a company that deserves this fate more than JRC.
     
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