Slate
Jack Shafer says the reduced value of the Boston Globe and Minneapolis Star Tribune "pops the bubble that had carried newspaper valuation beyond the Van Allen Belt. And by doing so, it presents publishers -- and Wall Street -- with more rational expectations about what sort of profits the newspaper industry can make without destroying itself." It's time for newspaper owners to realize that the days of guaranteed 20% operating margins are over.
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A former Inky editor says: "I have seen no evidence that Wall Street supports investment in the [news] content as a way to build value."
(PR Week)
