March 21, 2006
I Can’t Remember the Last Time I Read a Newspaper
Actually I can, and it was on an airplane that didn’t have internet access. The Notable New Lows list is full of newpaper stocks: Journal Register, Lee Enterprises, McClatchy, Media General, New York Times, Tribune, etc. When I hear people babbling about the free cash flows of these businesses, I just shake my head because they’re not thinking big enough: No one my age reads news offline, and I’m an old fart.
Previous rants about the newspaper business:
TRB Finally Eliminates Stock Pages
Newspapers, meet precipice: It’s the product, stupid
Times DeSelect & All the News(paper) That’s Fit to Short
Chat Transcript: The Future of the Newspaper Industry
Another Dumb, Desperate Acquisition
Newspaper Readers Are Dying Off Faster Than They Can Be Replaced
March 21st, 2006 at 10:10 pm
There’s a good book I’m reading called “Fooled by Randomness” that touches on the media in general and stock trading. It’s a good read. I’ll probably post a review on the StockTickr blog.
But you’re right, newspapers are becoming more and more irrelevant.
March 27th, 2006 at 8:02 pm
[…] [UPDATE: Readers Floyd and Loren were kind enough to send me the article, which looks like a regular feature called “RealMoney’s Blog Watch,” by James Altucher. Here’s the post that mentioned this site: MaoXian on “I can’t remember the last time I read a newspaper.” And he looks at the declining cash flows of each stock in the sector. […]
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