Astonishing losses
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September 07, 2010, 07:21:14 PM *
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rknil
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« Reply #15 on: August 18, 2008, 04:12:35 PM »
http://news.morningstar.com/articlenet/article.aspx?id=249734

Howie Owens' GateHouse company is bashed again.
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"The newspaper industry is ... driven by fear. The market place of ideas has disappeared. There are no jobs. People have mortgages to pay and kids in need of daycare or college. Everyone just tries to avoid conflict and avoid the next round of layoffs. Fear and ass-kissing won’t save newspapers."
rknil
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« Reply #16 on: October 22, 2008, 10:52:11 AM »
http://www.cnybj.com/index.php?id=408&no_cache=1&tx_ttnews%5Btt_news%5D=9083&tx_ttnews%5BbackPid%5D=1&cHash=3b8633c580

GateHouse stock trading is suspended, and the delisting process will begin.

Meanwhile, unless something has changed, JRC is nine days away from defaulting on its loans.
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"The newspaper industry is ... driven by fear. The market place of ideas has disappeared. There are no jobs. People have mortgages to pay and kids in need of daycare or college. Everyone just tries to avoid conflict and avoid the next round of layoffs. Fear and ass-kissing won’t save newspapers."
rknil
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« Reply #17 on: November 22, 2008, 11:11:23 AM »
For the archives:

http://www.boston.com/business/articles/2008/11/10/tribune_posts_quarterly_loss_revenue_falls/
 
The privately held publisher of the Chicago Tribune and Los Angeles Times reported a third-quarter loss from continuing operations of $124 million, compared with a profit of $84 million in the same quarter a year ago.
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"The newspaper industry is ... driven by fear. The market place of ideas has disappeared. There are no jobs. People have mortgages to pay and kids in need of daycare or college. Everyone just tries to avoid conflict and avoid the next round of layoffs. Fear and ass-kissing won’t save newspapers."
rknil
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He keeps the sportsters dim, bitter, and ranting.


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« Reply #18 on: January 04, 2010, 08:47:40 PM »
http://www.poynter.org/column.asp?id=123&aid=175364

Yes, newspaper stock prices rebounded considerably at the end of 2009.

But the comment with the column says a lot. You don't have to go back very far to see how much values have dropped, with or without a recession.
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"The newspaper industry is ... driven by fear. The market place of ideas has disappeared. There are no jobs. People have mortgages to pay and kids in need of daycare or college. Everyone just tries to avoid conflict and avoid the next round of layoffs. Fear and ass-kissing won’t save newspapers."
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