Who Knew? Newspapers Are a Hot Commodity

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All those who labor in the newspaper world and are worried about the future because of budget squeezes, layoffs and sundry other indignities associated with downsizing can take heart from one fact: Newspapers are more valuable than ever.

This is scant solace to someone already laid off, but at least the rising worth of newspapers as businesses is solid evidence that they will be allowed for a long time.

Buying a newspaper, after all, is a bet on the future. The dollar value of the bets made in recent months shows strong confidence in the future of newspapering, despite whatever threats to revenues and readership may be lurking in cyberspace.

Thus I was not surprised when the Milwaukee …