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Maybe they should have done this in 2001 when the classified market collapsed and newsprint prices skyrocketed? Disclosure: I worked at a metro daily (the oran
by ethank 14y ago
Maybe they should have done this in 2001 when the classified market collapsed and newsprint prices skyrocketed?
Disclosure: I worked at a metro daily (the orange county register) as their first webmaster from 1994-2001.
I was there for the first collapse.
- adventureful 14y agoYep, their stock price didn't crash with the dotcom bubble, they still had time to make adjustments without it being so dire. Their stock averaged about $35 / share, from mid 1997 to mid 2005. They had to take loans from Carlos Slim, and they could have just earlier issued stock with a $7 billion market cap.