Monday, January 4, 2010

News-stock surge: Boom or dead-cat bounce?

First of two parts. The second part is here. Although last year was the worst in the history of the newspaper industry, stock prices on average doubled for the publicly traded publishing companies fortunate enough to avoid bankruptcy. The boom could be interpreted as a vote of confidence from Wall Street in the battered industry. Or, it could be a dead-cat bounce, an

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