Newspapers' Bad Year: $11 Billion In Newspaper Stock Lost In 2007

The newspaper industry is now worth 42% less than it was three years ago and 26% less than twelve months ago, says former newspaper man and Reflections of a Newsosaur analyst Alan D. Mutter. Wacko street analysts and newspaper executives chalk this up to "cyclical weakness." Mutter knows better$23B zapped in news stock value

The market value of the American newspaper publishers entering 2008 as independent, publicly traded companies has fallen by $23 billion, or 42%, since the end 2004, the year before the wheels started coming off the industry.

Nearly half the slide in the market capitalization of newspaper stocks came in 2007, when the shares lost a collective $11 billion, or 26%, of their value. Thus, newspapers lost nearly as much value last year as they did in the two prior years put together.

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