WPO or TWP is doing some exciting things with their Kaplan subsidiary. With the acquisitions they have made resently they will be able to build on the careers of the students that they groom for college. With a new network that they are setting up, r�sum� can be sent out to corporations via their intranets. Job fair shows (acquired co.) will increase traffic of new grads. So you have this serious effort of having one company cutting out a career path for our younger generation, from pimples to wrinkles. This will be one network that Bill Gates won't control. Also, these students and grads will be needing other services as their wealth increases. It could be endless. Sounds a little Orwellian but this is the way or world is evolving. There has been a lot of hype about the superhighway, but once you get it built what's going to fuel it or byte through it? Ironically, newspapers in general have lost much of the younger readers but this is an incredible effort to recapture that generation. Futhermore, the DC economy has bottomed out,and new presses will be completed by the end of 1999. The presses will be the best in the industry. They are also building a network of government tech news for IT and IS. Also, with the sale of Coweles Media they should show a 200 or 250 hundred million dollar profit. There is more like the success of Digital Inc. (Washingpost.com) and the way they are linking the advertising. In addition, the Washington Times may be going out of business (its never really been a true business but a charity for the conservative cause) soon because of the Asian crisis. Over one billion has been flooded into this paper and they still have not made a dime. This money should go to our Treasury Dept which is helping to bailout the Korean's and their religious fanatics. Furthermore, TWP was one of Warren Buffet's first mayor "buys" before any one really knew who he was. TWP is also, buying back enormouns amounts of its own shares. There is more good news but I'm out of time for now.
I understand Morgan upgraded its recomendation on NYT because it is marketing a set of products for the "nifty-fifty" generation. Who is part of this generation? What can I do to avoid becoming one? In a more serious vein, as local papers become just reservoirs of newslines from other larger organizations, and as more and more papers like NYT become regional (DC to Boston). I think we will see larger markets. Hopefully we won't be dumbed down to USA today.
Oh I tend to ignore any stock advice (previous message) that says " this stock was one of Warren Buffet's first major "buys" " or "George Soros is buying lots of this stock", "Microsoft is investing heavily in this company's technology", "This is the new Microsoft, or this is the new Intel, or this is the new Amgen etc. Pleeease.
I think Dr. Kevorkian has a remedy for becoming a member of the nifty fifty generation.
I bought 100 shares of NYT a few days ago because I got sick and tired of seeing the stock go up. Sure enough, the day I bought it the stock started trending down. I'll let you know when I sell so that you can buy and participate in the subsequent upturn.
A lot of NYT, IMO, has to do with the New York economy. As long as the job & financial & real estate markets here remain strong, the paper should do well. I'm also hoping their Web site is successful, given the current interest in sex scandals & the like. No matter what, the company is not going to go away. It's in a class by itself in terms of tradition and, even with its various little annoyances, quality. I just wanted to own a little piece of it.