Media

Buy a Newspaper Stock? Yup, Says Barclays: The New York Times.

Published on October 11, 2012
by Peter Kafka

A rare vote of confidence in newspapers: Barclays analyst Kannan Venkateshwar has issued the equivalent of a “buy” recommendation for the New York Times. Venkateshwar, who has already put out a couple of positive notes on the Times this year, says he’s giving the publisher an “overweight” rating because its circulation numbers continue to improve, and because he thinks it is set to distribute some of its growing cash pile to shareholders.

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