The revenues have been steadily decreases year after year, the website is not making up for it, revenue only increase a bit more than a percent from 08 to 09, and I think the internet generation is already settling in on where they get their news sources online.
The idea of getting revenue from a pay online site is untested, and IMO unlikely to be successful.
Current P/E in the 80's.
Can someone give me an argument for why this has been going up?
next year they may have net earnings of around 100 million. problem is present market cap is 1.6 billion. plus u have the class b shares - in order to buy all of those u may have to pay another billion. then u have plenty of debt. so someone taking over has to pay about 3 billion and gains net earnings of 100 million - for a 3 % yield on investment?? doesnt make any sense. way too overvalued.