A few months ago everyone predicted the end of newspapers. Well they are all wrong. Its changing the industry, but newspapers are not dying (yet). New York Times reported stellar earningsyesterday and stock’s up 8%.
The New York Times Co (NYT.N: Quote, Profile, Research)
reported a 6.7 percent rise in profit on Tuesday because of higher
national advertising sales and a price increase for its flagship
newspaper, sending its shares up as much as 8 percent.
Most of the other newspapers are struggling no doubt, but dead! Yeah Right!