One question: if the print media continues to deteriorate, who will be left to mock us bloggers?
U.S. newspapers promise misery for investors this year as advertising sales erode and a possible recession looms, but steady cashflow and cheap shares may reward shareholders who grit their teeth and ride it out.
The perception on and off Wall Street is that the newspaper business is in big trouble as readers flee to the Internet, and things will only get worse this year as the real estate and financial industries slash spending on ads.
While these trends are real, some investors are holding -- and even increasing -- their stakes in newspaper publishers, attracted by low valuations after stock prices have fallen by as much as 70 percent over the past 12 months.
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