As I write this, the market capitalization of America's publicly held newspaper companies is a shade more than $6 billion. Together, Apple and Google, free of the debt that is helping to sink the newspaper industry, have cash in the bank amounting to about six times the total market value of all of those newspaper outfits.
Several of the newspaper companies are trading on the “pink sheet” exchanges, and have negligible values. Others are a shadow of their former worth. A ...