Earlier in the week, shares of McClatchy rose 7 percent in value for no apparent reason. Now Citadel Investment Group, a hedge fund run by Kenneth Griffin, has filed an SEC disclosure report today that says as of June 20 it holds approximately 5.7 percent of the newspaper company’s shares. McClatchy has been under considerable pressure as it continues to deal with the impact of acquiring Knight Ridder. (Via TheStreet.com).
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post