Thursday, December 08, 2005

As the body counts and casualty reports continue to roll in from newsrooms across America, it's important to keep in mind what the real culprit is in all this newspaper downsizing. So here are two worthwhile excerpts in today's
New York Times piece on the bidding for newspaper giant Knight Ridder.

-------------------------------------------------------------

Of Knight Ridder's 32 daily newspapers, only four - one in San Jose, Calif.; one in St. Paul; and two in Philadelphia - have profit margins lower than 18 percent, according to an analysis by Morgan Stanley. Most of them are thriving. The Kansas City Star's estimated profit margin for this year is 24 percent. The Miami Herald's is 22 percent. The smaller papers averaged more than 26 percent.

Over all, Knight Ridder's profit margin in 2004 was 19.3 percent, about average for the industry. The average for Fortune 500 companies was about half that. But newspapers have traditionally had high margins, and so investors expect higher margins, said Conrad Fink, who teaches newspaper management at the University of Georgia. "The rising tide of shareholder expectation has reached unreasonable proportions," he said. "And the market is panicked about newspaper stock in an unreasonable way."

Professor Fink added: "There's a fear that this is a dying industry, when in fact it's an industry that has an unrivaled mandate, a franchise, in hundreds of cities across the country and in local news, and it has some of the strongest brand names in the country."

----------------------------------------------------------------------

12/8/2005 10:08:00 AM by MJ | Comments [0] |  
Tracked by:
"Steve Brock Ministries" (Steve Brock Ministries) [Trackback]
"mediale affari" (mediale affari) [Trackback]
"MUSIC - Bethlehem Morning" (MUSIC - Bethlehem Morning) [Trackback]
"jhonny depp" (jhonny depp) [Trackback]
"midi colonna sonore" (midi colonna sonore) [Trackback]
"albergo bournemouth" (albergo bournemouth) [Trackback]
"MUSIC - Gloria" (MUSIC - Gloria) [Trackback]
"memory card" (memory card) [Trackback]
"PRODUCTS" (PRODUCTS) [Trackback]
"londra big ben" (londra big ben) [Trackback]
"calendario 2003" (calendario 2003) [Trackback]
"new york four seasons hotel" (new york four seasons hotel) [Trackback]
"Steve Brock Ministries" (Steve Brock Ministries) [Trackback]
"amministratore condominiale" (amministratore condominiale) [Trackback]
"freddissimo gradito papa" (freddissimo gradito papa) [Trackback]
"MUSIC - Mary Did You Know/What Child Is This?" (MUSIC - Mary Did You Know/What ... [Trackback]
"Steve Brock Ministries" (Steve Brock Ministries) [Trackback]
"val d aosta" (val d aosta) [Trackback]
"gioco adulto gratis" (gioco adulto gratis) [Trackback]
"vacanza ad ischia" (vacanza ad ischia) [Trackback]
"perline gioiello" (perline gioiello) [Trackback]
"Steve Brock Ministries" (Steve Brock Ministries) [Trackback]
"pulcino fottilo nella residenza" (pulcino fottilo nella residenza) [Trackback]
"scuola superiore" (scuola superiore) [Trackback]
"gioco scaricare gratis pc" (gioco scaricare gratis pc) [Trackback]
"bionde masturbandosi" (bionde masturbandosi) [Trackback]
"l attimo fuggente" (l attimo fuggente) [Trackback]
"giochi carta regolamento" (giochi carta regolamento) [Trackback]
"HOME" (HOME) [Trackback]
"MUSIC" (MUSIC) [Trackback]
"torte bindi" (torte bindi) [Trackback]
"albergo firenze hotel" (albergo firenze hotel) [Trackback]
"PARTNERS" (PARTNERS) [Trackback]
"medio apparecchio" (medio apparecchio) [Trackback]
"immagini disney" (immagini disney) [Trackback]
"CONTACT" (CONTACT) [Trackback]
"Steve Brock Ministries" (Steve Brock Ministries) [Trackback]
"PHOTOS" (PHOTOS) [Trackback]
"SCHEDULE" (SCHEDULE) [Trackback]
"OUTREACH" (OUTREACH) [Trackback]
"wedding reception facilities Des MOINes%2C IA" (wedding reception facilities De... [Trackback]
"iowa city press citizen" (iowa city press citizen) [Trackback]
"computer history" (computer history) [Trackback]
"dr030 warranty return items" (dr030 warranty return items) [Trackback]
"naughty chat" (naughty chat) [Trackback]
"nast ass whore" (nast ass whore) [Trackback]
"antique carousel horse" (antique carousel horse) [Trackback]
"10-year reunion invitation" (10-year reunion invitation) [Trackback]
"tag heuer ayrton senna" (tag heuer ayrton senna) [Trackback]
"masturbating boy" (masturbating boy) [Trackback]
"home schooling programs" (home schooling programs) [Trackback]
"sunshine key rv resort florida camping" (sunshine key rv resort florida camping... [Trackback]
"Infertility in women by Alayne .R MD." (Infertility in women by Alayne .R MD.... [Trackback]
"What Does Crab Grass Look like" (What Does Crab Grass Look like) [Trackback]
"Plaster Corbel" (Plaster Corbel) [Trackback]
"fundraising events" (fundraising events) [Trackback]
"strategies for teaching listening" (strategies for teaching listening) [Trackback]
"Back seat bangers" (Back seat bangers) [Trackback]
"tent rental" (tent rental) [Trackback]
"diflucan and gas" (diflucan and gas) [Trackback]
"Kawasaki Concours" (Kawasaki Concours) [Trackback]
"ultram" (ultram) [Trackback]
"lodging in sedona arizona" (lodging in sedona arizona) [Trackback]
"Francisco Goya" (Francisco Goya) [Trackback]
"Mercedes Benz parts" (Mercedes Benz parts) [Trackback]
"Hostel Scotland" (Hostel Scotland) [Trackback]
"bass fishing central florida guide" (bass fishing central florida guide) [Trackback]
"Sinus Infection" (Sinus Infection) [Trackback]
"wifi hotspot locations" (wifi hotspot locations) [Trackback]
"Shampoo Bottle" (Shampoo Bottle) [Trackback]
"mc hawking bittorent" (mc hawking bittorent) [Trackback]
"chain and sprocket guard sales" (chain and sprocket guard sales) [Trackback]
"God Bless the USA Lyrics" (God Bless the USA Lyrics) [Trackback]
"indian casino gaming history" (indian casino gaming history) [Trackback]
"mother of pearl necklace" (mother of pearl necklace) [Trackback]
"university of washington medical center" (university of washington medical cent... [Trackback]
"microsoft office publisher" (microsoft office publisher) [Trackback]
"Sherwin Williams Paints" (Sherwin Williams Paints) [Trackback]
"devices hidden recording cameras" (devices hidden recording cameras) [Trackback]
"merger and acquisition" (merger and acquisition) [Trackback]
"Furniture Malaysia" (Furniture Malaysia) [Trackback]
"stepahie dog treats" (stepahie dog treats) [Trackback]
"fungus vs chinch bugs" (fungus vs chinch bugs) [Trackback]
"vinyl recording" (vinyl recording) [Trackback]
"kit helicopter" (kit helicopter) [Trackback]
"troiemaiale" (troiemaiale) [Trackback]
"Home business opportunities" (Home business opportunities) [Trackback]
"medical coding career" (medical coding career) [Trackback]
"Sat Online Registration" (Sat Online Registration) [Trackback]
"casalingheincollantneri" (casalingheincollantneri) [Trackback]
"passera" (passera) [Trackback]
"avventurosozoccoleborghesisesso" (avventurosozoccoleborghesisesso) [Trackback]
"quit smoking forum new thread" (quit smoking forum new thread) [Trackback]
"intermedioinposa" (intermedioinposa) [Trackback]
"cameraterni" (cameraterni) [Trackback]
"ragazzosant" (ragazzosant) [Trackback]
"giardinaggiorosa" (giardinaggiorosa) [Trackback]
"dysfunction erectile option treatment" (dysfunction erectile option treatment) [Trackback]
"hdsl" (hdsl) [Trackback]
"manola" (manola) [Trackback]
"bet on baseball" (bet on baseball) [Trackback]
"assicurazionecollegno" (assicurazionecollegno) [Trackback]
"small business investment corporation" (small business investment corporation) [Trackback]
"morgage trustees" (morgage trustees) [Trackback]
"campingadriatico" (campingadriatico) [Trackback]
"tutelaambiente" (tutelaambiente) [Trackback]
"bingo on line" (bingo on line) [Trackback]
"slot car afx" (slot car afx) [Trackback]
"ganciotraino" (ganciotraino) [Trackback]
"engine optimization search test tool" (engine optimization search test tool) [Trackback]
"stacy" (stacy) [Trackback]
"erectile dysfunction chat" (erectile dysfunction chat) [Trackback]
"watersport" (watersport) [Trackback]
"casabella" (casabella) [Trackback]
"Crap Eaters" (Crap Eaters) [Trackback]
"trojan fake virus" (trojan fake virus) [Trackback]
"basileahotel" (basileahotel) [Trackback]
"how to make money selling magizine subscriptions" (how to make money selling ma... [Trackback]
"hp psc 500 printer wireless" (hp psc 500 printer wireless) [Trackback]
"camaras mini dv sony px" (camaras mini dv sony px) [Trackback]
"dwi in hamiltion county texas" (dwi in hamiltion county texas) [Trackback]
"superscope psd 300p" (superscope psd 300p) [Trackback]
"game cheats for ps2" (game cheats for ps2) [Trackback]
"dahab married personals" (dahab married personals) [Trackback]
"kristina dahlhausen" (kristina dahlhausen) [Trackback]
"harder, better, faster, stronger - daft punk" (harder, better, faster, stronger... [Trackback]
"daichi no la-li-la" (daichi no la-li-la) [Trackback]
"upconverting dvd players" (upconverting dvd players) [Trackback]
"daiwa 1500c spinning reel" (daiwa 1500c spinning reel) [Trackback]
"daisuke ishiwatari" (daisuke ishiwatari) [Trackback]
"daimon jigs" (daimon jigs) [Trackback]
"daihatsu extol head gasket" (daihatsu extol head gasket) [Trackback]
"vsat dvb network" (vsat dvb network) [Trackback]
"ss dagger hanger" (ss dagger hanger) [Trackback]
"the fratellis - chelsea dagger" (the fratellis - chelsea dagger) [Trackback]
"camcorder dv mini sony compaq battery" (camcorder dv mini sony compaq battery) [Trackback]
"wausau daily herald" (wausau daily herald) [Trackback]
"bandog guard dog kennels" (bandog guard dog kennels) [Trackback]
"daheshism" (daheshism) [Trackback]
"download dvd decrypter" (download dvd decrypter) [Trackback]
"lloyd davies stirrups" (lloyd davies stirrups) [Trackback]
"entex pse tabs" (entex pse tabs) [Trackback]
"daft punktechnologic" (daft punktechnologic) [Trackback]
"d nya daki en b y k a a" (d nya daki en b y k a a) [Trackback]
"multi region dvd player" (multi region dvd player) [Trackback]
"dajuan hiv positive wagner" (dajuan hiv positive wagner) [Trackback]
"dagmara miss chin bikini" (dagmara miss chin bikini) [Trackback]
"ps1 legacy of kain: blood omen walkthrough" (ps1 legacy of kain: blood omen wal... [Trackback]
"is jan ullrich married" (is jan ullrich married) [Trackback]
"gerbera daisy colors" (gerbera daisy colors) [Trackback]
"dakin shaggies" (dakin shaggies) [Trackback]
"gerber daisy decor" (gerber daisy decor) [Trackback]
"show stopers- daity kane" (show stopers- daity kane) [Trackback]
"asiapcl" (asiapcl) [Trackback]
"indian-dish-network" (indian-dish-network) [Trackback]
"forexclearprofits" (forexclearprofits) [Trackback]
"ryan-marissa-forums" (ryan-marissa-forums) [Trackback]
"allbusinessdomainnames" (allbusinessdomainnames) [Trackback]
"xn--drmelvan-o4a" (xn--drmelvan-o4a) [Trackback]
"specialkliniken" (specialkliniken) [Trackback]
"thenexttrilliondollars" (thenexttrilliondollars) [Trackback]
"inmo-piramide" (inmo-piramide) [Trackback]
"iluvidiots" (iluvidiots) [Trackback]
"realtiny" (realtiny) [Trackback]
"grcemail" (grcemail) [Trackback]
"marchgladness" (marchgladness) [Trackback]
"anshula" (anshula) [Trackback]
"christianexecerrands" (christianexecerrands) [Trackback]
"tilt-all-in" (tilt-all-in) [Trackback]
"plantosuccess" (plantosuccess) [Trackback]
"iamatrend" (iamatrend) [Trackback]
"kbifoundation" (kbifoundation) [Trackback]
"inv-planet" (inv-planet) [Trackback]
"floridabeach-vacationrental" (floridabeach-vacationrental) [Trackback]
"workgroupmeetings" (workgroupmeetings) [Trackback]
"ptdistrict" (ptdistrict) [Trackback]
"kshinoda" (kshinoda) [Trackback]
"propiedadesensunnyisles" (propiedadesensunnyisles) [Trackback]
"noaocio" (noaocio) [Trackback]
"johnspassvillage" (johnspassvillage) [Trackback]
"blacksoda" (blacksoda) [Trackback]
"boissezon" (boissezon) [Trackback]
"officialsealit" (officialsealit) [Trackback]
"floamfun" (floamfun) [Trackback]
"wet20" (wet20) [Trackback]
"theoc-register" (theoc-register) [Trackback]
"insane-boost.com" (insane-boost.com) [Trackback]
"vidustream.com" (vidustream.com) [Trackback]
"laurabozeman.com" (laurabozeman.com) [Trackback]
"eckoadmins.com" (eckoadmins.com) [Trackback]
"mdjdinc.com" (mdjdinc.com) [Trackback]
"theatomsphere.com" (theatomsphere.com) [Trackback]
"blindpigblues.com" (blindpigblues.com) [Trackback]
"scoota.com" (scoota.com) [Trackback]
"the-property-magnate.com" (the-property-magnate.com) [Trackback]
"michaelbozeman.com" (michaelbozeman.com) [Trackback]
"scr33n-raider.com" (scr33n-raider.com) [Trackback]
"pumpkinpc.net" (pumpkinpc.net) [Trackback]
"parentalsoft.com" (parentalsoft.com) [Trackback]
"greenfill.com" (greenfill.com) [Trackback]
"printstopuk.com" (printstopuk.com) [Trackback]
"codelocate.com" (codelocate.com) [Trackback]
"platinum-webhosting.com" (platinum-webhosting.com) [Trackback]
"clanmyth.com" (clanmyth.com) [Trackback]
"feelgoodindustries.net" (feelgoodindustries.net) [Trackback]
"justforuworld.com" (justforuworld.com) [Trackback]
"solowebserver.com" (solowebserver.com) [Trackback]
"pccscalifornia.com" (pccscalifornia.com) [Trackback]
"blanketonline.com" (blanketonline.com) [Trackback]
"thedvdmusic.com" (thedvdmusic.com) [Trackback]
"teddy-bears-sources.com" (teddy-bears-sources.com) [Trackback]
"ebizsuite5.com" (ebizsuite5.com) [Trackback]
"proleadsystems.com" (proleadsystems.com) [Trackback]
"fandbinc.com" (fandbinc.com) [Trackback]
"backasswords.com" (backasswords.com) [Trackback]
"ses-training.com" (ses-training.com) [Trackback]
"imagineitproductions.com" (imagineitproductions.com) [Trackback]
"imagineitproducts.com" (imagineitproducts.com) [Trackback]
"surfing-sources.com" (surfing-sources.com) [Trackback]
"prophecywarez.com" (prophecywarez.com) [Trackback]
"altercomp.com" (altercomp.com) [Trackback]
"tsourtzis.com" (tsourtzis.com) [Trackback]
"lookgotta.com" (lookgotta.com) [Trackback]
"doctorrosenberg.com" (doctorrosenberg.com) [Trackback]
"delongest.com" (delongest.com) [Trackback]
"richmondbd.com" (richmondbd.com) [Trackback]
"unitedshowsofamerica.net" (unitedshowsofamerica.net) [Trackback]
"ourtrinity.net" (ourtrinity.net) [Trackback]
"topws.net" (topws.net) [Trackback]
"medicalbid.com" (medicalbid.com) [Trackback]
"gontzaknocker.com" (gontzaknocker.com) [Trackback]
"wendychen.com" (wendychen.com) [Trackback]
"genoa-us.com" (genoa-us.com) [Trackback]
"thismortalcoil.com" (thismortalcoil.com) [Trackback]
"debianbox.com" (debianbox.com) [Trackback]
"floorquote.com" (floorquote.com) [Trackback]
"limitlessvision.com" (limitlessvision.com) [Trackback]
"usjoyride.com" (usjoyride.com) [Trackback]
"neverbinded.com" (neverbinded.com) [Trackback]
"softupdate.net" (softupdate.net) [Trackback]
"watchdogdvr.com" (watchdogdvr.com) [Trackback]
"doctorgardner.com" (doctorgardner.com) [Trackback]
"megagempack.com" (megagempack.com) [Trackback]
"waxbeaver.com" (waxbeaver.com) [Trackback]
"glentours.com" (glentours.com) [Trackback]
"txlaptop.com" (txlaptop.com) [Trackback]
"everyhighest.com" (everyhighest.com) [Trackback]
"doctorpeterson.com" (doctorpeterson.com) [Trackback]
"urbanloft.com" (urbanloft.com) [Trackback]
"lil-tee.com" (lil-tee.com) [Trackback]
"seemovies.com" (seemovies.com) [Trackback]
"rockvilleutahrealestate.com" (rockvilleutahrealestate.com) [Trackback]
"hosting6.com" (hosting6.com) [Trackback]
"pixelscope.com" (pixelscope.com) [Trackback]
"treywhitman.com" (treywhitman.com) [Trackback]
"doctorrice.com" (doctorrice.com) [Trackback]
"etapspoux.net" (etapspoux.net) [Trackback]
"insideyellowpages.com" (insideyellowpages.com) [Trackback]
"globaltradingplace.com" (globaltradingplace.com) [Trackback]
"wineanswer.com" (wineanswer.com) [Trackback]
"emeraldranch.com" (emeraldranch.com) [Trackback]
"webbloggic.com" (webbloggic.com) [Trackback]
"tetasdiarias.com" (tetasdiarias.com) [Trackback]
"bond-online.net" (bond-online.net) [Trackback]
"egadgetzone.com" (egadgetzone.com) [Trackback]
"jomaih.com" (jomaih.com) [Trackback]
"africanamericanyellowpages.com" (africanamericanyellowpages.com) [Trackback]
"donkeypunchdilemma.com" (donkeypunchdilemma.com) [Trackback]
"doctorsimmons.com" (doctorsimmons.com) [Trackback]
"wynnmacau.net" (wynnmacau.net) [Trackback]
"pollingamerica.com" (pollingamerica.com) [Trackback]
"jellyfishballs.com" (jellyfishballs.com) [Trackback]
"qgame.net" (qgame.net) [Trackback]
"anythingyellow.com" (anythingyellow.com) [Trackback]
"moneyintraining.com" (moneyintraining.com) [Trackback]
"trinityaero.com" (trinityaero.com) [Trackback]
"garuda2.com" (garuda2.com) [Trackback]
"2006cabledescramblers.com" (2006cabledescramblers.com) [Trackback]
"vintageteddybears.net" (vintageteddybears.net) [Trackback]
"secretwebhost.com" (secretwebhost.com) [Trackback]
"microdownloads.com" (microdownloads.com) [Trackback]
"queensknightpublishing.com" (queensknightpublishing.com) [Trackback]
"brayoandp.com" (brayoandp.com) [Trackback]
"customyellowpages.com" (customyellowpages.com) [Trackback]
"tmp1" (tmp1) [Trackback]
"gotechnics.com" (gotechnics.com) [Trackback]
"assntitts.com" (assntitts.com) [Trackback]
"allergyreliefforme.com" (allergyreliefforme.com) [Trackback]
"atlanticbreeze-plc.com" (atlanticbreeze-plc.com) [Trackback]