Saturday, May 2, 2009

22) Newspaper biz?

We each read 5 a day but do not jusdge consumer pref by what we do. This downturn did not cause problem, 20-30 yrs ago they always won. They had essentiality and pricing power. They lost essentiality. I do not see erosion ending. As long as we don't see unending losses or labor issues we will not sell.



Cm - its a natl tradgedy, these papers were a part of our society and they kept govt more honest. But this is life