Extra, Extra: Newspaper Stocks Face Long-Term Challenges

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Quick Summary: Earnings estimates have come down steadily all year and several companies have pre-announced earnings misses for 3Q05. The stocks should be trading well below historical multiples even if you believe that certain issues are cyclical. It is still too soon to take long positions in the group even though most of the stocks […]

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M&A Might Drive Interest in Media Stocks

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Monday’s close on the S&P 500 was the lowest since May 18th. That is not what I wanted to talk about today but I was a little surprised as I scanned back that I had to go back almost five months to find the last lower close. Ouch. Bye-bye to all those summer gains. I […]

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