20-20 Hind sight

The Long Case for Recent Spin-off A.H. Belo

Now it's Aug. 14, 3 weeks after your original post. AHC lost another 10%.

The stock market is about future prospects. The kind of analysis you made, as good as it was, is looking in the rear view mirror.

With the likes of free sites like Craigslist and Monster, print newspapers have lost their traditional source of revenue -- classified ads. The Internet has totally destroyed the business model of print media. Some day, some one will come up with a way for media companies to create wealth for their owners.

In the mean time, all newspapers are dying a slow death.