Several newspaper stocks hit all-time low

http://newsosaur.blogspot.com/2008/07/6-newspaper-stocks-hit-record-lows.html

 

The graph pretty much says it all for the state of the industry.

 

This industry is not a cat. It will not land on its feet.

 

And Sporting News continues its decline....
http://www.foliomag.com/2008/magazine-ad-pages-fall-7-4-percent-first-half

 

All stocks are getting crushed right now. That doesn't mean the newspaper business isn't in trouble, but the fact cited on this thread is not what I'd pick as exhibit A.
GM has been cliff diving for the past year, but no one cites that as a sign people won't be driving cars in 10 years.
Better to be long NYT shares this am than, oh, Fannie or Freddie.

 

How's Sporting News bringing in all this talent if it's not making any money?

 

Most of the new hires are replacing folks who weren't invited to move to Charlotte or chose to quit the company rather than leave their long-time home.

 

Are we getting to the point where the grunts of this business all ought to be getting individual contracts, to cover us when a company suddenly changes its mind or has a down quarter or otherwise needs to shed the newest hires?

Given that we often are required to relocate and, if we're married, get a spouse to quit a legitimate job in the previous city, maybe the employers should be ponying up a little more income security, if not job security, by guaranteeing us two or three years.

Hey, I can dream.