Around the Net

Analyst Upbeat About Newspaper Stocks

Newspaper stocks have seen a rebound from their perilous state a year ago. Which mens the sector now ranks among the market's best performers, the chief analyst for Zacks Investment Research Inc. says in his latest report.

Zacks Chief Equity Strategist Dirk Van Dijk says newspapers now rank seventh-best among 206 industries tracked by the Chicago-based firm. Two stocks -- Gannett Co. Inc. (NYSE: GCI) and The New York Times Co. (NYSE: NYT) -- are now given No. 1 ratings in its stock evaluation system. Newspaper stocks across the board are trading at or near 52-week highs, and some have rebounded spectacularly since hitting all-time low prices in the winter of 2009. Gannett's share price, for instance, is up 103% from a year ago.

advertisement

advertisement

Read the whole story at Editor & Publisher »

Next story loading loading..