Tuesday, April 22, 2008

Newspaper Earnings Continue To Drop

The outlook continues to dwindle for newspaper companies including Gannett and A.H. Belo Corporation. While Gannett announced today that their total revenue fell 8.4%, Belo gave a warning that their announcement will be "substantially below" the original forecast.

We've been talking about it now for five years and we'll continue to talk about it for another 10 before the newspaper industry completely goes down the drain.

Click here to read the full article at the NY Times.com.

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