Caltorguy

Avoiding Doomed Sectors, Redux

I agree that the economics of newspapers aren't great right now but I bristle when someone refers to them as "obsolete". Try as it might, the internet cannot replace old-fashioned news gathering because it is merely distribution medium (heaven help us when blogs replace actual investigative journalism...). Moreover no electornic screen, laptop or iPhone will ever duplicate the ease and comfort of use of newsprint. And a newspaper costs $2. I can't quite figure figure what an iPhone would cost me but I do know that Apple and the wireless companies should get together and start a financing division. Glad to see Cdn energy cos./trusts and railways on your "good" list though - seems like the "old" economy is hot indeed - can newspapers be far behind? ;-)