Another Indication that Newspapers are Finished
So, stage one is you lose touch with your audience. Stage two is you lose readership. Stage three is your advertisers run. Stage four is your valuations plummet. Stage five is the analysts stop covering you. Stage 6?
NEW YORK (Reuters) - Want to buy newspaper stocks? You should see an analyst. Trouble is there aren't many around anymore.
As the valuations of U.S. newspaper publishers plunge and investor interest wanes, the ranks of stock analysts who rate their performance are thinning.
In some ways, there is less need for them as the trend is clear: the U.S. newspaper business is in bad shape and getting worse as readers and advertising dollars flee to the Internet and other new forms of media.
But the void in smart thinking on the publishing sector could exacerbate an already bleak view of the business.