the print business is done? I can recall analysts saying, in 1999, that Warren Buffet was yesterdays man and he didn't understand the new economy and the internet and that business was going to be done differently now.
He stayed the course with his "bricks and mortar" value style of investing. He was right.
The advertising world has changed.........but in a recession when it's belt tightening time....the advertising that does get pulled back is the expensive "hard to determine value" advertising.
Talk to someone that buys advertising. They will cut radio, TV and internet long before they cut the yellow pages and billboard advertising.
When times get tough, people cut back on items they are unsure of. They will go smaller when they renew, but they will generally stick with the Yellow Pages. We're creatures of habit.........and the people making the decisions on buying advertising grew up looking through the yellow pages to find a pizza place that delivers to the dorms at 3 in the morning.
As for you Haveland, you accused what's his name of being arrogant and superior. You sir, have no class.......and of all commodities on this planet.......class is the one in the shortest supply.