3 ms·
There are but it is quite difficult. The other thing is that the bigger newspapers made a lot of money through national advertising, sales sections and decease
by djt 14y ago
There are but it is quite difficult.
The other thing is that the bigger newspapers made a lot of money through national advertising, sales sections and deceased notices. These things are becoming less relevant. With Craigslist and Facebook etc.
He's probably hoping that investors dump their whole newspaper portfolio and he can pick up all the profitable smaller papers while selling the bigger ones such as the Tampa one at a short term loss as part of the long term plan.
He wrote a good article about end of life businesses and how they can be a good investment, but not to reinvest money into them. I'll have a look and see if I can find it.
Local newspapers