Mark Cuban Wants Local Newspapers

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Mark Cuban apparently isn't content with blogging, running a basketball team, starting HDnet and launching movie studios. In a "What I've Learned" piece, he tells Esquire:

If I had more time? I'd get into places where people are so afraid right now that the economics dominate the common sense. I'd get into a business like newspapers—local newspapers. Newspapers are a perfect example of how economics dominate common sense. Contrary to popular belief, newspapers aren't dying. Newspapers are making tons of money; they just aren't keeping their shareholders happy, they aren't meeting the expectations on Wall Street. The problem with newspapers is that they're trying to grow like they're Internet companies in 1999. Their shareholders are bitching at them about not showing growth in share prices. The minute you have to run your business for share prices, you've lost. It's over. They've focused on that and so they've lost. What they should do is step back and ask, "What makes us special?"
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