BOSTON ( TheStreet) -- Journalism is undergoing a pronounced contraction.Newspapers across the country are struggling to return to profitability, laying off thousands of career writers in the process. Yet, at Daily Journal (DJCO - Get Report), business is booming. The Los Angeles-based publisher, which has a market value of just $94 million, is thriving. The company achieved earnings growth in every quarter of 2009. How is this anomalous performance possible? Daily Journal targets a niche audience.
Profitable Publisher: Under the Radar
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