Old Media Makes a Comeback

About a year ago, old media was struggling mightily, to the point where there was talk that even the newspaper industry would get a bailout.  But a bailout never came, and yet the sector has come roaring back.  Check out the charts below.  Washington Post (WPO) has gone from the $440s to the $530s in a matter of days!  Maybe the politicians knew that the only bailout the newspapers needed was a heavy dose of news flow, and as we are all aware (sometimes painfully), news is one thing that hasn't been lacking in DC over the past year!

Subscribe to Bespoke Premium and gain access to Bespoke's unrivaled stock market analysis.