Friday, August 9, 2013

American newspapers - Chasing paper profits

http://www.economist.com/news/business/21583284-tycoons-keen-eye-bargain-are-buying-up-print-newspapers-chasing-paper-profits

Newspapers’ economics are also looking less dire. Last year their circulation revenue in America was up by 5%. It was the first time this had grown since 2003. Overall revenues fell but by just 2%; they may soon level out. “It is a better environment for buyers than it was even a year ago,” says Gordon Crovitz of Press+, a company that erects paywalls for newspapers. After years of selling cheap goods to others Mr Bezos may have found his own bargain.