FRIDAY, NOVEMBER 18, 2005
International Herald Tribune
Floyd Norris says Knight Ridder's plight reflects the fact that Wall Street isn't always nice to those who do what the Street demands. "Analysts called for aggressive cost cuts and increased share repurchases, and Knight Ridder complied, in some cases angering employees and creating public controversies over whether news coverage would suffer," he writes. "Investors showed their lack of gratitude by sending the stock to a three-year low last month ...The consensus Wall Street view of newspapers now is that they are a dying breed, destined to wither under relentless competition from the likes of Google."
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Newspapers aren't obsolete, but they're undergoing a restructuring (BN)
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Student prefers reading news online because stories don't jump (CSM)Posted at 7:43:57 AM
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