Don't say you weren't warned: newspapers crushed again in Q1Aaron Pressman
What a horrendous earnings season it’s been in the dying newspaper business. It’s worth taking a closer look as some people still don’t seem to get it. This piece by the usually sharp Chris Anderson made me chuckle, for example. (Hey Chris, before you go citing a 2-year-old anecdote about the Yellow pages business, you might want to check in on more recent results). The combination of the weak economy, long-term falling readership, the advertising shift to competing online platforms and consolidation among department stores continues to crush the industry. Investors, get out while you still can.
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