+$0.00 (+0.0%)
Closing price August 23, 2021
Tribune Publishing, owner of some of America's oldest and most storied newspapers, faces a takeover by a company that has routinely stripped the properties it owns to the bone.
At more and more papers, the newsroom is gone entirely. That may further undermine the future of newspapers, even if it saves what has become very precious money.
Newspapers are among the pillars of American democracy. Trouble at the Los Angeles Times shows just how much the industry is under siege.
Shares of The New York Times Company (NYSE: NYT) are flat over the last month. In the meantime, the overall market is down 21%. Other newspaper stocks have done much worse. The Times has one thing...