Newspaper Stories

Why are there newspapers anymore?

Everyone gets their news off the web, right? I mean, just fire up your computer, surf to your favorite sites, get your Google Alerts, and update your RSS aggregator. Doesn’t everyone do this? Or not. What I just described is a lot of trendy new-speak.

The newspaper business is still huge. Last year it had over $45 billion in total revenues. That’s more than Google and Yahoo combined.  But because the number of subscribers is falling, many observers have written off the industry as dead.

But not so fast. They may not be great growth investments, but the right structure can be very profitable. Buy a paper and manage it down in size. It will end up smaller, but more focused. And the right manager can double his investment.

This can explain why many papers are consolidating rather than just dying. And for creative investors, the opportunities are endless.


Douglas R. Tengdin, CFA
Chief Investment Officer
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By | 2014-09-03T19:01:36+00:00 May 29th, 2008|Global Market Update|0 Comments

About the Author:

Mr. Tengdin is the Chief Investment Officer at Charter Trust Company and author of “The Global Market Update”. The audio version of each post can be heard on radio stations throughout New England every weekday. Mr. Tengdin graduated from Dartmouth College, Magna Cum Laude. He received his Master of Arts from Trinity Divinity School, Magna Cum Laude and received his Chartered Financial Analyst (CFA) designation in 1992. Mr. Tengdin has been managing investment portfolios for over 30 years, working for Bank of Boston, State Street Global Advisors, Citibank – Tunisia, and Banknorth Group. Throughout his career, Mr. Tengdin has emphasized helping clients manage their financial risks in difficult environments where they can profit from investing in diverse assets in diverse settings. –
Leave a comment if you have any questions—I read them all!
– And Follow me on Twitter @GlobalMarketUpd

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