April 3rd, 2007
Cramer: newspapers don’t need to exist
Posted by
Administrator in
Will Atkinson
Jim Cramer, of Mad Money fame, has nothing good to say about newspapers. According to Cramer, papers “don’t need to exist” and they missed the opportunity to capitalize on the Web. Above all, Cramer lampoons these companies for their poor financial management. Newspapers “seem to be run, frankly, by jokers or dreamers who had no idea how to deploy capital,” Cramer says.
