Seeking Alpha
Registered investment advisor, macro, ETF investing
Profile| Send Message|
( followers)  

About a year ago, old media was struggling mightily, to the point where there was talk that even the newspaper industry would get a bailout. But a bailout never came, and yet the sector has come roaring back.

Check out the charts below (click to enlarge). Washington Post (WPO) has gone from the $440s to the $530s in a matter of days! Maybe the politicians knew that the only bailout the newspapers needed was a heavy dose of news flow, and as we are all aware (sometimes painfully), news is one thing that hasn't been lacking in DC over the past year!

Source: Old Media Makes a Comeback