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Newspaper stocks rise on possible News Corp. spin

6/26/12 2:54 PM ET (MarketWatch)

CHICAGO (MarketWatch) -- Shares of several newspaper companies were up on Tuesday, as News Corp.'s potential spinoff of its publishing entities struck some as an affirmation of the value of newspapers. Gannett Co. was up 6.4%; Lee Enterprises stepped up 14%; Media General added 4%; McClatchy Co. rose 4%; and New York Times Co. picked up 3%. News Corp. owns MarketWatch, the publisher of this report.