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%

Deets:

"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.

Further reading:

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 . . .

15 comments:

Anonymous said...

In the business, that's what we call a dead-cat bounce!

Granger said...

Paywall absolutely killing the Star. Nobody can read their articles anymore.

Anonymous said...

Fake news killed them, they deserve to die

KC Business Journal still 30% worth the sub said...

^^^ +100

Anonymous said...

TOP PHOTO -- FULL-PAGE SPREAD


Q: What's black and white and red all over?



A: McClatchy's corpse!!!

Anonymous said...

The future is rumor blogs like this one with racist comments and no verification. Praise the lord.

Anonymous said...

Yet they keep the editorial board... big wasted expense that divides the public every time it opens its big mouth.
They are KC’s dunce... kinda like AOC... mocked and laughed at in corporate America.. yet they don’t know it.
Fun being part of the Peanut Gallery.

Anonymous said...

10:42- exactly what folks think of the op-Ed ink.

Anonymous said...

They need to follow TKC and post more BIG TITS!

Anonymous said...

Racist to call AOC big tits.

Anonymous said...

^^^^^^^^^^^^^

Bwhahahahahahahahahahahahaha!

Anonymous said...

Racism is a scary word, and I use it all I can!

Anonymous said...

SELL!

Anonymous said...

How stupid is it to alienate approximately half of your potential customer base by spouting only left-wing views? Is it any wonder that so many people have quit subscribing? Much better from a business viewpoint to play both sides of the liberal-conservative coin.

Springheel said...

Remember when your Money talked ? Gotta wonder why the media and all super rich companies choose to alienate 72% of the people by pushing sexual immorality and their twisted form of "justice". Why are shopping malls and neighborhoods being built when they know they will only succumb to crime within 3 years. Why are the best citizens in the country being discussed as the "real criminals". Why does Nike, women's soccer, NFL, etc, choose to lose upwards of 65% of their biz by promoting evil agendas ? What company could stand to lose half of their customer base even for a month ? The Devil himself has enough of a foothold that the entire game is rigged now. No loss of revenue can put a dent into his system. He has always had a lot if pull, but in our post-modern world, where truth is lost, the quickening occurs.