24/7 Wall St.: More Carnage Coming in Newspaper Stocks
24/7 Wall St.: More Carnage Coming in Newspaper Stocks
(via www.247wallst.com)
Excerpt: "2006 is noted as the first year in history where there was not a recession and newspaper revenues declined. The reports says 2007 is starting out even weaker than 2006."
Clearly I get a lot of my news online, but I still can't imagine not reading a "real" newspaper every morning. I wonder how cheap these will have to get before I feel comfortable invesing in this declining business.
I think newspapers are going
I think newspapers are going the way of the VHS and cassettes. Besides the sentimental attachment some readers get, there is nothing a print paper provides that can't be found online, except the weekly ads on Sundays :)
I fail to see any competitive advantage print papers provide over instant, digital delivery. But, I am not stressing something people don't already know.
There Will Always Be A Place For Some
Well, maybe not always, eventually they will be completely obsolete, however no time in the foreseeable future, especially the not the New York Time s's or the Wall Street Journals of the world.
The Marley Group