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Read The Dow Jones Q2 Advertising Revenue Results And Shareholders Should Be Kissing Rupert Murdoch’s Feet That He Is Offering A 65% premium; Results From The Likes of Gannett, McClatchy, and Media General Tell The Same Sorry Newspaper Story
Philip M. Stone July 20, 2007
Down, down, down. There’s no other way to describe the Q2 financial performance of US newspapers and frankly for this year at least there is no light at all at the end of the tunnel. Truth is, for the likes of the Los Angeles Times (Tribune) and the Tampa Tribune (Media General) the word “down” doesn’t really do it justice. Try “freefall”.
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