JG etc.

It makes no sense to be a shareholder in a print based company.

From Paid Content

Earnings: Tribune’s Earnings Plunge; Online Revs Up 40 Percent: Things aren’t very pretty at Tribune: Q4 earnings of $132.3 million down from $214.7 million in the year ago quarter. The 2005 figure included a severance charge of 9 cents related to 900 job cuts, a 4-cent charge on the shutdown of its LA Times San Fernando Valley printing facility plant closing, a 3-cent gain and a net non-operating loss of 4 cents a share.

Revenue in the quarter dropped by 5% to $1.41 billion from $1.48 billion last year as publishing operating revenue dipped by 2% to $1.07 billion and broadcasting and entertainment revenue fell by 11% to $343 million.
On the online side, revenues were up 40 percent to $46 million, mainly due to increases in classified help wanted.

Earnings: Knight Ridder’s Profits Down 22%; Online Revs Up 54%: Newspaper giant Knight Ridder reported lower Q4 profits: $83.3 million compared to $107.2 million in the year-ago quarter. Revenues rose 3.1% to $820 million from $795.5 million.

The print world has changed forever. News is not about what is fit to print or your coffee and toilet read. Content is now and people/organizations can deliver. Take your money out of dead trees and put it into something that makes sense. It has got to be tough to take a .72 cent dividend when you know a company just cut 900 jobs.