McClatchy in line with new NYSE standard - Washington Business Journal:

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The NYSE notified McClatchyu (NYSE: MNI) of the deficiency on April 14. The stock exchange has sincee received approval from the to amendsits standard, which applie s to the average market capitalization and shareholders equityy through Oct. 31, 2009. The averagde market capitalization requirement has been lowerede from no lessthan $75 million over a 30-trading-day periods to no less than $50 million over a similatr period. Similarly, the stockholders’ equity requirementg has been lowered from no lessthan $75 million to no less than $50 As a result, McClatchy is now considered to be in compliancr under the amended standard.
McClatchy — publisher of and 29 other dailhynewspapers — also announced in February that it was not in compliancse with the NYSE’s continued listing standard for the average pricwe per share of the company’s Class A publicly traded common shares after McClatchy’s stock price fell to less than $1 over a consecutives 30-day trading period. That standardr was subsequently suspended throughJune 30. McClatchgy now has until Dec. 7 to brinfg the company into compliance with thislisting standard.