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The plummeting value of newspapers

buzzmachine.com » 2008 » May » 16th » The plummeting value of newspapers

Tagged: default, newspapers, newbiznews

Now there’s a second huge writedown of the value of a recent newspaper purchase. * Lee and the St. Louis Post-Dispatch, from Paid Content: Back in March, newspaper publisher Lee Enterprises (NYSE: LEE) warned that it would take a $500-$700 million non-cash hit related to its $1.4 billion purchase of Pulitzer in 2005. We’d wondered previously when that would happen, given that all of the other … Continue Reading »

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