RealMoney Radio: Bad News

Cramer can't comprehend anyone owning a newspaper right now.
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As newspaper circulation figures recently experienced a 2% drop -- and should go down from here -- it doesn't make any sense why anyone wants to own newspapers right now, Jim Cramer said on his

"RealMoney" radio show Tuesday.

When Cramer said he started

TheStreet.com

, he did so because he had always wanted to own a newspaper.

"But I was not going to brave print and distribution costs that made owning a paper way too expensive," he said, which is why he started the online paper.

People should not buy the

Los Angeles Times

,

Boston Globe

and

Philadelphia Inquirer

, Cramer emphasized. "The apparatus for a paper could kill even the richest people."

"Young people don't care about papers," he continued. "They would rather have a paper on the Web."

"Stay away" from newspapers, Cramer warned, "and don't contemplate buying them."

For market players who have a long term view and possess the patience to see a stock grow for four or five years, Cramer advised buying the

NYSE

(NYX)

.

"There is a very important change going on here, the changeover to a hybrid system," he said.

The changeover has been going on for a few months and is now going into "high gear," Cramer said. Now that the market is getting better, people should consider NYSE as a play, he said.

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Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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