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clipped from www.tamark.ca

Watching the reinvention

Some of the latest bad, bad news from the industry we all love.

The Vultures Are Circling, by Mark Potts.

Earnings: Gannett Q2 Revenue Down 9.9 Percent; Income Down 19.7 Percent; Stock Crushed. The headline, at Paid Content, pretty much says it all.

5 newspaper stocks hit new lows - again. Alan Mutter needs to be on your daily reading list in times like these. See also Just $3.6B: Total value of 10 news stocks, in which Alan calls the recent slashing of newspaper stock prices “an historic rout.”

So what does it all mean?

I’m always wary of anyone who points with any certain to the future of media. And I have no greater insight into this mess, and the ways out of it, than anyone else. But there are some things that I feel relatively certain about, at least at the moment. (My conclusions are, as always, subject to change.)

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