Dag Media, Inc. (DAGM) to Buyback 150,000 Common Shares
DAG Media, Inc. (NASDAQ: DAGM) announced this morning that its board of directors has authorized a common stock repurchase. The company is planning to buyback up to 150,000 common shares in market or off-market transactions at prevailing prices over the next twelve months. Dag Media will use its discretion in determining the manner, timing and number of shares to be purchased. The company recently received a 180 day notice to regain the one-dollar minimum bid price required by NASDAQ to continue being listed. The company has until October 13, 2008 to regain compliance. To be compliant, Dag Media must have…