Stocks quoted in this article:
Central Newspapers (ECP - 54-1/2) is on the NYSE new highs list for the second straight session. Yesterday, this publisher of the Arizona Republic
and Indianapolis Star
moved ahead by 20-9/16 points, or 65.41 percent, on news that it is in preliminary talks about a possible sale of the company or combination with another firm. Possible suitors are rumored to include Gannett (GCI - 61-1/4), Knight Ridder (KRI - 54-3/16), and Tribune Co. (TRB - 37-3/8). This dramatic upturn lifted ECP out of a two-month trading range that had capped the shares between the 28 and 32 levels. Today, the equity has maintained its upward momentum by stepping up 2-1/2 points, or 4.81 percent.