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What's Behind Newspaper Buying Spree

"Not surprisingly, banks are no longer so eager to finance newspaper purchases," writes John Morton "So where is the money coming from to fund the current wave of acquisitions? And what do the buyers see that banks apparently do not?"

Morton analyzes the reasoning behind the most recent deals, giving plenty of credence "to the lingering value of [papers]] strong newsgathering franchises, still the most dominant in every market despite rampant layoffs and downsizing..."

Read the whole story at American Journalism Review »

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