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A Studebaker Dealership Would Be A Better Investment
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Cablevision won't be bidding on the New York Daily News -- it'll stick with owning Newsday, riding the Rangers hot streak, and ruining the Knicks -- but there'll be other bidders this week, and that raises the question: Why? The thing loses an amazing amount of money. There's no turnaround coming for the print product. Digital is not going to generate the kind of money that supports a large operation anytime soon. Why buy it? Ego? Power? Is there much power left in owning a tabloid paper? (New York Times)
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