Investors See Some Value in Newspaper Companies [WSJ]

Newspaper companies, of the type News Corp. might spin off, are
trading at premiums to book value, suggesting investors still see
value in the business. New York Times Co., McClatchy Co. and Gannett
Co., three of the biggest newspaper companies, all trade at premiums
to the value they would hold if they were liquidated. Warren Buffett
has scooped up several newspaper assets in recent months (including
last week), though the famed investor’s bet has been mainly on local,
dominant news sources.…

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