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What Do McClatchy, New York Times Company and Journal-Register Have In Common? They Have All Taken Huge Write-Downs On Some Of Their Newspaper Properties. With Little Advertisement Improvement In Sight, Values Are Falling!
Philip M. Stone February 9, 2007
There is nothing that makes clearer how many newspapers are no longer a growth business than when their values are reduced in the company’s financials. There have been some big write-downs recently, and surely more to follow.
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