News Corp (NYSE-NWS) closed at $9.36. NWS will host its 2008 annual meeting of shareholders today in New York City. The Murdoch family controls a 30% voting block of NWS. NWS November option implied volatility of 90 is above its 26-week average of 39 according to Track Data, suggesting larger price movement.
Gannett (NYSE -GCI) closed at $10.67. GCI shares are trading at a 24-year low GCI is scheduled to report Q3 EPS on October 24. GCI November option implied volatility of 108 is above its 26-week average of 54 according to Track Data, suggesting larger risk.
New York Times (NYSE-NYT) closed at $12.53. NYT is expected to report Q3 EPS on October 23. NYT November option implied volatility of 82 is above its 26-week average of 50 according Track Data, suggesting larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com










