The Washington Post Company (WPO), The New York Times Company (NYT): Is Digital Destroying Another Industry?

Bottom line

The Washington Post Company (NYSE:WPO) was once a darling of the market, almost reaching $1,000 per share back in 2004. Now the company trades just north of $500, which is still above Apple…

While the move to digital has no doubt put pressure on the conventional newspaper companies, everything is a buy at the right price. The Washington Post Company (NYSE:WPO) is much more than a newspaper company. I like it much more than The New York Times Company (NYSE:NYT), in part because analysts expect The Washington Post Company (NYSE:WPO) to grow EPS at an annualized 18% over the next five years. Compare this to the negative expected growth rate for The New York Times. Meanwhile, Gannett Co., Inc. (NYSE:GCI)’s move to broadcasting and 3% plus dividend yield make the company a compelling opportunity as well.

Marshall Hargrave has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

The article Is Digital Destroying Another Industry? originally appeared on Fool.com and is written by Marshall Hargrave.

Marshall is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.

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