03:59 PM CST on Friday, November 21, 2008
By ANDREW D. SMITH / The Dallas Morning Newsasmith@dallasnews.com
Shares of the Yellow Pages publisher Idearc Inc. began trading over-the-counter Friday, one day after the Grapevine-based company was delisted from the New York Stock Exchange.
The company, which was spun off from Verizon Communications in late 2006, has struggled to make the transition from print to Web. Although Idearc remains profitable, its sales have steadily fallen in recent quarters.
The company's stock has fallen, too, from the $25 mark a year ago to 8 cents at the close of trading Friday. This very low valuation caused the delisting.
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