Wednesday, June 1, 2011

Will newspaper values recover?

Dan Walters, the star political columnist at The Sacramento Bee, is not only the celebrated dean of the statehouse press corps in California, he also has been a loyal shareholder for 22 years of the company that owns his paper. But his faith in his employer, McClatchy, has not been rewarded.After buying his first stock when McClatchy went public at $18.98 a share in 1989, Walters kept

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