Financial forecasts look negative for newspapers

There are some nervous investors in the newspaper world.  Even after the recent 30% lift in the broader stockmarket, newspaper stocks like the New York Times Company and the Washington Post Company are trading on price to cashflow multiples of 4.2 and 6.8, where their 3 year averages were 11.8 and 10.6 respectively (Gannet actually trades at 1.8 x cashflow – albeit with a lot of debt).

Posted under Kewl