Cramer's 'Mad Money' Recap: Denny's Does Right

This morning AG Edwards downgraded McGraw-Hill (MHP Quote), and now there is an "incredible" opportunity to own this print media company, Cramer told viewers.

"People want to buy New York Times (NYT Quote) and the stock of Dow Jones (DJ Quote) because they don't understand that the decline of newspapers is a long-term secular decline," he explained.

"In 50 years, I doubt anyone will even read newspapers."

At this point, McGraw Hill might be the only print media company worth owning as it has growth -- "something unusual in print media," Cramer said.

While The New York Times and The Wall Street Journal are institutions and are the Yale and Harvard of newspapers, he believes that market players would be better off buying these universities than these papers.

"Traditional print media has declining circulation and declining ads," Cramer said. And moreover, contrary to what people may think, investor Maurice "Hank" Greenberg is not going to buy New York Times because it's not possible for him to do so, he said.

While the Times and Dow Jones are publicly traded companies, they aren't really because they have two classes of stock, Cramer explained. The families and management that own these classes of stock won't allow these companies to be bought, he said.

"There are no reasons for the New York Times to go up."