Another smart guy dumping newspaper stocks
I was shocked last week when I read that an analyst at well-respected media tracking firm, Borrell Associates, was predicting the death of newspapers unless online advertising booms off the charts. "As more and more people shift their news reading from print to online, the newspaper industry must dramatically increase its online advertising revenues or die," Vincent Crosbie, a senior associate at the firm, told an audience at the World Newspaper Advertising Conference, the UK’s Guardian Unlimited reported (free but annoyingly lengthy registration required for access).
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