Here’s a golden opportunity to put your mouth where your money is!
From Michelle Malkin:
Extra! Extra! Read all about it!
Newspaper companies are in crisis. Layoffs. Possible closures. Some are calling for a newspaper bailout.
Investors have noticed. The market capitalization of the McClatchy Corporation — owner of 30 daily newspapers, including the Miami Herald — is less than $200 million. The market cap of A.H. Belo — owner of The Dallas Morning News, The Providence Journal and The Press-Enterprise — is $41 million.
The long-term problems plaguing the industry are well-known. Fewer eyeballs.Declining classified ad revenue. Few see a path to profitability.
Despite their serious and persistent business problems, however, newspapers still have considerable clout, especially in local and state politics. Imagine replacing liberal editors at your local rag with conservative ones. Wouldn’t it be nice if for once your local paper cast a critical eye on local recycling programs and what your kids are being taught in school?
For wealthy conservative activist/philanthropists, there may be no more cost-effective way to gain political influence than by buying up local newspapers at distressed prices. Think of the opportunity to modernize these dinosaurs and snatch up mainstream media bargains in important swing states like Colorado and Florida.
So, all you conservative billionaires out there: Step up. An opportunity like this one won’t come again.
