MediaDailyNews, April 7, 2008
By Erik Sass

Like hapless George Costanza in "Seinfeld," legacy media companies are desperately trying to convince their shareholders that shrinkage is a transient phenomenon. Investors should not judge them by a few bad quarters, they argue, because it's all part of the "transition" to digital publishing. The economic waters are so chilly that any company would look bad.

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