There is little, if any growth potential in newspapers, in my opinion. Except for certain small markets, the entire industry seems antiquated and to be quickly shriveling.
I still miss my physical paper, but have gotten used to coming to the internet, where a bumper crop of info can be harvested at any moment. Physical papers have shrunken dramatically, skimpy, non-serious products of less money being invested in them. This guy, Freeman, may see it differently. Well, he is the millionaire, while I’m not.
—”I still miss my physical paper,”
Almost forever my employer paid for my subscriptions, now retired, I put out only for the WSJ $$$ because I enjoy standing reading the paper with coffee. (I used a standing desk for years.)
—”There is little, if any growth potential in newspapers, in my opinion.”
Freeman sees the underlying assets that he can use as collateral or sell outright. Either way converts them to cash in HIS bank account.
This is what Freeman sees:
https://tribunetower.com/?gclid=Cj0KCQjwwLKFBhDPARIsAPzPi-KFvjJDxW8rI7l4HuZ17Qaa-SKijK1DpPlHEUaWFI2pF9zlxEFJetIaAoZ2EALw_wcB
He missed this one but there are more to be had.
Yes, the Trib Tower went condo $$$
And it is a thing of beauty.
You can get a 10” tablet for $100 these days that gets you access to the world. You can zoom in on text and photos.
No ink stains either.