NYSE Says Goodbye to GateHouse Media

GateHouse Media, which publishes 97 daily newspapers and 400 other publications, will be delisted from the New York Stock Exchange before the market opens on Friday.

For more than a year, the per share price has hovered below the $1.05 minimum required by the exchange, trading at less than $0.17/share today. It traded for $20/share when the stock debuted on the market in October, 2006.

GateHouse attempted to keep its ticker symbol alive by submitting a business plan to NYSE last month, but the exchange decided “the ‘abnormally low’ price of the stock makes it appropriate” to suspend trading.