MNI lost $4B in value in 2 years

McClatchy’s staggering writeoff of nearly $1.4 billion in the value of its assets pales in comparison to the $4 billion drop its stock has suffered in just two years. That’s a decline, by the way, of 75.5%.As expected, MNI was forced by the conventions of public accounting to deduct from its third-quarter earnings an amount equal to the theoretical decline in the value of the former Knight Ridder