Sunday, July 13, 2008

Shorts socked newspaper stocks

Investor bets against Lee Enterprises and McClatchy were more than twice as big last month as those against the shares of Fannie Mae, one of the mortgage giants whose perceived instability jolted the financial markets.The wagers placed against a stock, which are known as short sales, give new insight into the long-running selloff that drove seven newspaper stocks to record lows in a single day on

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