Friday, July 12, 2019
SHOCK!!! KANSAS CITY STAR PARENT COMPANY SUFFERS EPIC 5-YEAR FAIL!!!
As always, our KICK-ASS TKC BLOG COMMUNITY and local denizens think critically about the future of journalism and newspaper publishing.
An AWESOME TKC READER suggested news link puts it all together:
Investors Who Bought McClatchy Shares Five Years Ago Are Now Down 95%
"The McClatchy Company (NYSEMKT:MNI) shareholders should be happy to see the share price up 16% in the last month. But will that repair the damage for the weary investors who have owned this stock as it declined over half a decade? Probably not. Like a ship taking on water, the share price has sunk 95% in that time. It's true that the recent bounce could signal the company is turning over a new leaf, but we are not so sure. The real question is whether the business can leave its past behind and improve itself over the years ahead."
And so, whilst some are calling a recent stock surge a "comeback" . . . Others remain skeptical about the fortunes of a biz dedicated to pushing old news & partisan hackery via dead-trees on the public that's usually far too busy looking at their phones to notice anything at all.
CNN: Starbucks will stop selling newspapers
Pew: U.S. newsroom employment has dropped by a quarter since 2008, with greatest decline at newspapers
Harvard Biz: Are Paywalls Saving Newspapers?
Wrap: Newsroom Jobs at US Newspapers Dropped by Half in Last Decade, Study Finds
ST: What will we do without newspapers?
You decide . . .