NYSE Threatens To De-List Herald's Parent Company
The Miami Herald's troubles have gone way past the somewhat amusing flailings of a major daily, into serious, concerning trouble. Today the New York Stock Exchange threatened to de-list the Herald's parent company, McClatchy, unless they get their house in order.
McClatchy said it had been notified on April 14 by
the NYSE that it was not in compliance with listing standards since its
market capitalization for 30 consecutive days was below the Big Board
minimum of $75 million. Shares of McClatchy, which trades under the
symbol MNI, closed Friday at 58 cents, giving it a market
capitalization of $48.17 million.
McClatchy says it will submit a plan to bring it back up to NYSE standards.
Get the This Week's Top Stories Newsletter
Every week we collect the latest news, music and arts stories — along with film and food reviews and the best things to do this week — so that you’ll never miss Miami New Times' biggest stories.
- Miami Drag Queen Elaine Lancaster Pulled a Man From a Burning Car in Greece
Sat., Aug. 1, 5:35pm
Sun., Aug. 2, 1:05pm
Tue., Aug. 4, 6:35pm
Wed., Aug. 5, 6:35pm
- Judge Mindy Glazer Recognizes Another Defendant in Court, This Time a Cruise Ship...
- Miami Developer to Give Gov. Rick Scott Environmentalist Award