This may be the year that we see a major metro newspaper file for bankruptcy. According to the Newsosaur blog, newspaper shares have slid $23 billion in 6 months.
These stocks are so cheap that it’s a perfect opportunity for an angel investor - a technology guru, perhaps - to buy these companies and take them private. The days of 25 percent profit margins in the newspaper industry are long gone and aren’t coming back.
Paging Craig Newmark…
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