Printing profits? A contrary look at newspapers - Steven Halpern

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Printing profits? A contrary look at newspapers
Oct 02, 2009 06:00 PM UTC

Steven Halpern

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Filed under: Newsletters, New York Times'A' (NYT), Gannett Co (GCI), Stocks to Buy

"We're looking for profits in a sector of the economy that almost everyone has written off -- newspapers," says Glenn Rogers.

In Internet Wealth Builder, he explains, "I have been involved in the newspaper industry for good portion of my career; so it has been with great dismay that I've watched the industry crumble over the last few years." For contrary investors, he looks to New York Times (NYSE: NYT) and Gannett (NYSE: GCI).

"The Internet in general has siphoned off millions of dollars of advertising that used to belong to the newspaper industry.

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