Wednesday, May 6, 2009

For the Baby Boomers in the Newspaper Business

Yeah, that about sums it up.

But then again, you didn't listen during the Dotcom Mania. And you didn't listen during the housing bubble.

What makes us think your heads will finally come out of your New York Time's asses and listen this time around?

So here's a little simple formula for all you newspapers out there to assess your current market value;

The value of a newspaper = salvageable book value of assets - market value of debt

So in other words, you're all insolvent.

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