Newspaper shares plunged 27% in 2011

In a year when the stock market flailed mightily to end up almost exactly where it started, the shares of the publicly traded newspaper companies plummeted an average of 27% in 2011.Of the 11 publicly held newspaper companies, the stock of only one – the broadly diversified News Corp. – gained ground in the last 12 months. The stock of the publishing-cum-broadcasting company rose 10.7% in 2011