David Jackson
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Newspaper Circulation: Less Really Is Less [View article]
Another Blow To Newspapers: Facebook Classifieds [View article]
So you're right about the market size, but this is part of a broader trend that is highly significant. And I think Scott is right that social networking is a good platform for consumer to consumer transactions due to the trust issue.
Newspaper Stocks Climb on Dow Jones Bid [View article]
And look at what Bill Nygren recently wrote about newspaper stocks.
Full disclosure: short LEE.