Value Watch

We are seeing more activity this year and have closed more sales in 2010 than all of last year. The activity level for transactions continues to improve from the bottom of last year and we are seeing values for strong community weekly and daily newspapers stabilizing.

However, we are not seeing the multiples for values of newspaper companies at the levels we have seen in the past 10 years, which in many cases were between 8-10X EBITDA. And we also believe that we may never see those values again for newspaper companies.

However, with the pending increase in the capital gains tax slated for 2011, we are also seeing an up tick in listings, especially owners who have held their companies for multiple generations.

We look forward to discussing your options with respect to either an appraisal of your company or a more simplified Opinion of Value.

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