Durham paper joins those cutting stock listings
The Durham Herald-Sun has cut its stock listings beginning this week, according to a column in the paper from editor Bob Ashley.
Its main rival, the Raleigh News & Observer, cut its stock listings earlier this year.
Ashley wrote, “While smaller-market papers have been looking skeptically at stock listings for some time, in recent months those rising newsprint costs and electronic availability of up-to-the minute stock information have spurred the decision in the largest markets. The New York Times dropped its comprehensive listings — several pages a day — last spring. The Los Angeles Times, The Boston Globe and the Rocky Mountain News in Denver are among the papers that have made the decision this year.”
Later, he added, “Beginning Tuesday, our page of stock information will still provide what we think is the greatest use to many people. We’ll list the stock quotations for companies with local ties, and that’s a list we’ll be glad to refine as the days pass. If you think we’ve overlooked one, please drop me a note or an e-mail to let me know.
“The page also will include the closing prices and change for the 525 most active stocks on the New York Stock Exchange, the 400 most active on the Nasdaq national markets and the 100 most active on the American Stock Exchange. We’ll list the 1,115 largest mutual funds, believing that for many small investors that’s where the greatest interest will lie.”
Read more here.