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November 15, 2006

Newspaper ETF?

Is there a global newspaper exchange-traded fund, or approximate equivalent?

[Update] PowerShares' PBS doesn't do it, as it's a media ETF.

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Comments

Not that I know of ... are you looking to buy or sell? ;-)

You've got to think that there is an incredible contrarian play available in the newspaper companies right now.

Anyone who has run ads on a website can see the power of that medium. A firm like the NYTimes who has most of its content behind a registration wall, or the WSJ, who has its content behind a pay wall could see revenues improve exponentially if they began being indexed in google. There would obviously be an offset with declining revenues in the print edition but... you've got to think that someone out there can make this work.