Eugene David ...The One-Minute Pundit |
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Sunday, August 27, 2006
Romy is ON CALL today! Why? Because The Paper of Re-cord has run a head-scratching piece about why KnightRidder had to disappear. How could such a great newspaper company, with 85 P-ULITZERS and possibly hundreds of thousands of other awards, just -- vanish? Well, as is typical with stories like this, it's always somebody else's fault: the greedy shareholders, shortsighted advertisers, beancounters from Podunk. It's never, EVER the fault of the people who actually make the product. They won 85 P-ULITZERS, didn't they?
SO WHAT? P. S. While Mr. Sherman’s firm has been shedding some of its newspaper stocks, largely at the direction of dissatisfied clients, about 10 percent of his portfolio remains invested in newspapers. (As of June 30 his firm owned 13 percent of the common stock of The New York Times Company.) PIIIIIIIIIIIIIINNNNNNNNNNNNNNNCH!!!!!
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