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Re: “No reporters, no news?

Singleton is a crappy businessman. Every paper he buys turns to shit. His business plan now is to shift everything to the Web, even though -- after 10 years -- the Web only represents maybe 4 or 5 percent of any newspaper's revenue. Does he plan to layoff 95% of his employees when the shift is completed? Singleton's such a bad businessman he can't even sell stock like other newspaper companies, his balance sheet is so terrible. Instead, he does limited partnerships in every location, bringing in suckers who never get the principal of their investment back. Just think how much the value of the Merc has declined since Singleton bought it four months ago!

Posted by W.R. Hearst on 12/02/2006 at 11:04 AM

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