Blogs are fading. Newspapers are dying. Or they’re not dying. Or there is renewed hope for them.
The news about blogs comes from the Pew Internet & American Life Project, via the Associated Press. Only 14 percent of Internet youths, whatever they are, blog, which is down from over 25 percent in 2006. Apparently texting and Facebook are faster and more engaging. Bloggers are trending older, and may soon look like the AARP crowd at University of Memphis basketball games.
This is no surprise. As newspaper columnist Mike Royko used to say, the first 20 are easy.
Meanwhile, are you looking for an investment in which you could have tripled your money in the last year? That would be newspaper stocks, including E. W. Scripps, parent company of The Commercial Appeal. The stock (symbol: SSP) is up 305 percent, rising from $2 to $6.48. If you want a ten-bagger, try Lee Enterprises, parent of the St. Louis Post-Dispatch, up 1145 percent, now selling at $3.84. No guts no glory.
