McClatchy Stock At Historic Lows; What's Ahead For The Bee?

Shares of Sacramento-based McClatchy (MNI) are trading this morning at 78¢ a share, slightly above it's historic low of 68 ¢, which it traded at yesterday.

MNI has traded as high as $74.80 in the last three years. Will The Sacramento Bee continue to cut editorial staff? Is bankruptcy an option for the debt-laden newspaper chain? Will CEO Gary Pruitt's job be on the line?

We will continue to follow this developing story in the coming weeks.