Re:Paper and gasoline-based dinosaurs (Score 4, Informative)

Based on my experience in the industry, it's not that they employ MBA's whose only goal is the bottom line, but rather that they employ execs who really have no business running the types of operations that they do.

Dyed-in-the-wool newspaper publishers get promoted to corporate VP positions, local marketing guys get promoted to run software divisions.

The people at the controls don't fully understand the businesses they're tasked with running, and it shows in the trail of bad decisions, written off investments and failed ventures.

I wish like the parent poster I hadn't touched newspaper stock. If I hadn't, I wouldn't be saddled with MNI shares that are worth 5% today of what they were a couple years ago, even with the employee discount.