WEB SURPASSES NEWSPAPERS, and this trend bodes poorly for the financial future of newspapers. I saw a discussion of this on Kudlow last night, and the New York Times guy was arguing that it wouldn’t hurt them because overall readership — paper plus online — was up. He didn’t have much of an answer when Larry Kudlow asked him if the Times was coming out ahead financially on that shift, though. If it were, I think the stock price would be trending up, instead of down.
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