The News Hounds

[SOURCE: Washington Post, AUTHOR: Frank Ahrens]
To the list of challenges faced by newspapers -- declining circulation, rising newsprint costs and increased competition from more up-to-the-minute media -- add another: rising pressure from investors to make more money and reverse sliding stock prices. Some within the industry think newspapers are better suited to private rather than public ownership. Private companies attempt to minimize earnings, which are taxable, and maximize cash flow, which can be used to pay down debts. Public companies, however, are pressured to maximize earnings to appease shareholders.
http://www.washingtonpost.com/wp-dyn/content/article/2005/11/02/AR2005110203201.html
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