As if newspaper companies don’t have enough problems, McClatchy (NYSE: MNI) informed investors that it could be delisted from from the NYSE in an in an 8-K filing. As of April 8, the Sacramento-based publisher’s total market cap fell below $75 million for 30 consecutive trading days, triggering the NYSE’s delisting warning. Separately, McClatchy’s last reported stockholders’ equity on its most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC) was $52.4 million, which is another violation of the $75 million trading threshold.

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This is McClatchy’s second delisting warning. I was threatened with delisting back in February, after its share price slipped under the $1 minimum. However, that rule has been suspended for all NYSE traded companies until June 30. But it remains to be seen if McClatchy will be out after two strikes. For now, it has 45 days to submit a plan for how it plans to get back on the right side of the NYSE’s listing standards.  The company does have until Dec. 7 to meet requirements on the NYSE’s $1 per share rule, but unless the economy starts to turn a corner by then, that standard may still be relaxed. Looking at McClatchy’s share price just after the announcement, it continued to trade around 58 cents. The company reports its Q1 earnings on Thursday.