McCatchy Stock Sets New 52-Week Low

On a day when stocks across the board were pulverized, Sacramento-based McCatchy (MNI) closed below it's previous 52-week low and hit 61¢ per share.

The good new for MNI, if you can call it that, is that it didn't close at it's intra-day low of 55¢.

Tough times ahead for The Bee and MNI as they try to dig their way out of the pile of debt they heaped on themselves.