Some excitement is warranted, but the question is, how much? Either the stock is correct in that the recovery and earnings are going to be faster than analysts like me have predicted, or we're going to see the stock grind lower to a more sensible level in the next few months. |
The Boston Globe is just struggling mightily. It's a function of the Boston economy; it's a function of the mergers of advertisers like Bank of America and Fleet. |
The New York Times, despite having a pretty good strategy with regard to both print and online, has probably had some of the most sluggish ad revenue growth in the newspaper industry and at the same time has incurred more cost increases than its peers. |