News stocks lag despite dramatic rebound

Although the shares of the publicly traded newspaper companies have advanced impressively from their all-time lows 12 months ago, they still are worth on average about a fifth of their value on June 30, 2005. The good news for the battered publishing sector is that publicly held newspaper shares rose by an average of 332% in the 12 months ended on June 30 – handily surpassing the 12% gain