The valuations of newspaper stocks have become exceptionally attractive because the outlook on these companies has become particularly negative.

The stocks are not cheap anymore but there aren't many alternatives out there. Good opportunities are hard to find in this market.

When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom.

It would suggest to me that they are not experiencing any meaningful improvement in their sales figure. They just can't seem to strike a message that consumers respond to. This is an attempt to bring in fresh thinking to help John turn the company back in the right direction.

It's the single biggest issue out there for the stock market, yet most investors have their heads in the sand. We're talking about $100 a month families won't be spending at malls, movie theaters, and restaurants.

The revenue numbers looked really impressive. There were concerns out there about how Microsoft would grow the top line.