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Newspaper conglomerates are hearing the footsteps.
In recent months, newspaper-driven companies, including the New York Times(NYT Quote), Tribune (TRB Quote) and Knight Ridder(KRI Quote), have all faced indignant investors.
Others, such as USA Today publisher Gannett(GCI Quote), Dallas media big wheel Belo(BLC Quote) and Wall Street Journal owner Dow Jones(DJ Quote), have been spared public discontent, though their shares continue to sulk.
Over two years, New York Times has lost almost half its value, while Gannett and Belo are off around 40% and Dow Jones is down 28%. With little clearing on the horizon, rumbles of discontent are likely to grow louder. ...
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