So Notes pats replies, dazzle us with your logic as to why this stock will turn around. But remember, they are the poster child of the MSM and will suffer badly IF team Obama doesn't bail them out. As a matter of fact, they have become bird cage lining for many already.
That is also how the New York Times got into it's current problem.
They bought big expensive tower offices they ended up having to sell off. They buy the Boston Globe and get negative earnings.
Then along comes Mexican Investor to shore up NYT with more cash which NYT is spending hand over fist on TV commercials while receiving little return on investment. Subscriber counts are paultry and margins are dismal.
Not to mention they cater to less than 50% of the population and the other over 50% have given up on them. Their brand of socialism isn't flying and their editorial policy of "Everything Obama does is heaven sent" isn't passing the smell test. But, as long as the stockholders allow their investment to go down to zero without demanding changes to their policy, nothing will change but that lighter feeling in their in their wallets.