WSJ.com - Heard on the Street
This is fascinating how these "old-media" stocks are getting hammered on the market. They are making a ton of cash (profit percentages exceed those of ExxonMobil) and have dominant positions. If they didn't get beat by motion pictures, radio, tv, etc, the INternet isn't going to beat them either. I'm not saying that they will be as prosperous, but still 20 percent plus profits is tough to beat.
This is fascinating how these "old-media" stocks are getting hammered on the market. They are making a ton of cash (profit percentages exceed those of ExxonMobil) and have dominant positions. If they didn't get beat by motion pictures, radio, tv, etc, the INternet isn't going to beat them either. I'm not saying that they will be as prosperous, but still 20 percent plus profits is tough to beat.
posted by Spud at 1:57 PM
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