Friday, January 18, 2008

Mainstream Media Circling the Drain

It looks like the mainstream media continues to circle the drain. The New Your Times stock is hitting new lows every day and now this article shows the Washington Post derives most of it's revenue from producing educations services.

Washington Post raises dividend by 5%
Since last summer, Washington Post shares have outperformed those of its newspaper-publishing peers, such as New York Times Co. Washington Post now derives most of its revenue from its Kaplan Inc. unit, which helps students prepare for standardized tests and offers other educational services.
Seems that the free market is sending the MSM a loud and clear message, but most of them are far too biased to hear it.

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