Shared Items - December 24, 2008

• Race to zero nearing completion (Herald Watch)

December 24, 2008 - I've mentioned several times that the Herald's parent company's (McClatchy) share price was in a race to zero. Today a reader notified me that the price was at 75 cents. In March of 2005 the price was 100 times that amount ($74.80). Of course that was before McClatchy acquired the Miami Herald and other troubled newspapers from Knight-Ridder. The company's stock will soon be worthless.
• Sale of NBC6 to Washington Post is off (Miami Herald)

December 24, 2008 - Bad economic times and a delay in receiving needed approval have ''terminated'' plans for the sale of South Florida's NBC affiliate to the owners of the competing WPLG-ABC 10.
• South Florida home prices fall to 2003 levels; sales are up (Miami Herald)

December 23, 2008 - The median prices for South Florida single-family homes dropped in November to 2003 levels as residential real estate values continue to plummet, according to figures from the Florida Association of Realtors.
• Why Obama Really Might Decriminalize Marijuana (Esquire)

December 23, 2008 - The stoner community is clamoring to say it: "Yes we cannabis!" Turns out, with several drug-war veterans close to the president-elect's ear, insiders think reform could come in Obama's second term -- or sooner