Company Submits Business Plan for Continued NYSE Listing (PR Newswire)

Monday October 6, 4:33 pm ET FAIRPORT, N.Y., Oct. 6 /PRNewswire-FirstCall/ -- GateHouse Media, Inc. (the "Company" or "GateHouse Media") (NYSE: GHS - News ) previously announced that it was notified by the New York Stock Exchange (the "NYSE") that it is not in compliance with the NYSE's continued listing standards. The NYSE's notice dated August 21, 2008 (the "Notice") indicated that on August 15, 2008 the Company's thirty (30) trading-day market capitalization of its common stock was approximately $57.3 million and its thirty (30) trading-day average share price was $0.99, both of which are below the NYSE's quantitative listing standards. Such standards require NYSE listed companies to maintain an average market capitalization of at least $75 million over any consecutive thirty (30) trading-day period (the "Market... [read full story]