The NYSE has notified McClatchy that it has five weeks to come up with a plan to grow its market cap back above minimum levels required to be listed and traded on the exchange.
Here’s betting it will not.
You see, I think MNI execs really think there is white knight out there who will ride in and save the company and assume the staggering debt it has amassed. I really do. Nothing else explains the lack of pro-active responses to a business climate that has sucks value out of the company hour-by-hour. And if they do submit a plan, I guarantee it’ll be one of the most absurd things you’ll ever read.
