Despite yet another year of falling revenues, publicly traded newspaper companies saw their share prices rise sharply during 2013.
Yes, the overall market was strong — with the S&P index up 29.5 percent and the Dow Jones up 26.5 percent.
Yes, as I and others have noted, local broadcasting is thriving with two of the next three years bringing political and Olympics advertising bonanzas and retransmission fees a continuing windfall. Gannett, E.W. Scripps and Journal Communications all benefited from their TV holdings.… Read more