Friday, December 23, 2005

Newspaper stock prices in the tank

Out of curiosity, I compared stock performance for 2005 for the four big newspaper companies I could think of.
  • New York Times: down 33.6%
  • Tribune Company: down 28.4%
  • Gannett: down 25.3%
  • Knight-Ridder: down 6.6%
Interesting that it's KR's stockholders who are screaming to get out of the newspaper business. Maybe they want to get out while their stock is still worth something.

No doubt the whole media biz sucks right now, but it seems to suck slightly worse for the NYT.

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