The Hilton Head Island Packet in South Carolina will cut its standalone business section and the stock and mutual fund listings in its business section, beginning next Tuesday, according to a story Saturday.
The story stated, “Most notably, there will be fewer stocks and mutual fund listings — we’ll have one page of listings instead of three. That page and a second one, which will carry business stories from the Lowcountry and elsewhere, will be in the A section, the first section of the newspaper, rather than in a separate section as before.
“The New York Stock Exchange and NASDAQ stocks listed will be the most actively traded for the previous day; the mutual funds the largest ones ranked by asset size.
“At the same time, we’re offering you a much better way to get significantly more information about your investments — from our Web site: islandpacket.com.
“We’re making these changes for a number of reasons. Like most other newspapers, the Packet is trying to reduce expenses at a time when regional and national economies are languishing. Newsprint is one of the biggest expenses for a newspaper. We want to use it wisely –particularly in times of economic malaise.”
Read more here.
