Ever since the broad market indexes entered into bear market territory, I have been checking the dividend champions list for bargains. I came up with a list, using the follwoing screen criteria:

The Magic Formula screen is not just for Joel Greenblatt's strategy. This article examines why it also lends well to a dividend based, income investing strategy.

Can Gannett turn around it's decreasing revenue, compressing margins, falling return on capital, and dropping stock price? An analysis of Gannett, the largest newspaper publisher in the U.S.

The dormant, yet important, proposed $5 billion merger of Sirius Satellite Radio Inc. (SIRI) and XM Satellite Radio Holdings Inc. (XMSR) cleared a major hurdle, as Federal Communication Commission Chairman Kevin Martin backed the merger - with stipulations.

A dozen out-of-favor stocks that could rebound this year according to Barron's.

Is analyst consensus overly optimistic? Or is Buffett right on the fate of the newspaper industry? The market seems to be going with Buffett.

Knight Ridder sacked, the New York Times Co. under pressure, layoffs pummeling newsrooms: How enigmatic asset manager Bruce Sherman became the scariest guy in journalism.

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 associate Newspaper companies with past consumer monopolies ala Warren Buffett and the Washington Post. This article is commentary on the author's opinion on the future of the industry.

Two ways to look at this: 1) Novel approach at valuing web 2.0; or 2) remembering what Buffett said about giving an exam on how to value an internet company and then flunking anyone who who actually tried. Perhaps the answer lies somewhere in the middle.