Metaprinter reports:
$100 stake purchased on June 21 and its value today, February 22:
MNI McClatchy- $38.40, representing a 61.6% decline.
JRN Journal Communications- $57.70, representing a 42.3% decline.
BLC Belo Corp.- $76.80, representing a 23.2% decline.
JRC Journal Register Company- $28.40, representing a 71.6% decline.
MEG Media General Inc.- $56.20, representing a 43.8% decline.
MDP Meredith Corp.- $73, representing a 27% decline.
MHP The McGraw-Hill Companies Inc.- $59.30, representing a 40.7% decline.
LEE Lee Enterprises Inc.- $56.40, representing a 43.6% decline.
NYT New York Times Company- $75.60, representing a 24.4% decline.
GCI Gannett Co. Inc.- $58.90, representing a 41.1% decline.
WPO Washington Post Co.- $94.9, representing a 5.1% decline.
As he says:
WPO seems to have been the best bet here.
Ironically, the company now generates most of its revenue from operations OTHER than the Washington Post newspaper revenue.
Yes, the WPO makes more money today from its education assets than from its media business.
Is this the “business model” of the future?
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