It has been another session of heavy downward selling across stock markets, as investors react to more signs of slowing U.S. economic growth.
GCI is now trading near levels not seen since early December. It has plunged 11% in the past five days alone vs. a smaller 4.4% decline in the S&P 500 index, a broad measure of market activity, Google Finance says.
Other newspaper company shares are lower, too. New York Times Co. is flat, and News Corp. is off 1.3%. McClatchy is down 1.2%. The Dow Jones Industrial Average, meanwhile, is now down 30 points, or less than 1%. It had been off 125 points earlier.
GCI's tumble comes two weeks before the company is to report second-quarter earnings.
And when the advertisers find out the paywall "strategy" has dropped the number of eyeballs on those sites by 60-90%, watch it drop even further.
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