US weeklies thrive despite daily paper dramas

America's daily papers may be in trouble but its weekly press is thriving, says newspaper broker Larry Grimes. He points out that the weeklies enjoyed 6-10% revenue growth last year. So it's no coincidence that the new newspaper darling of Wall Street is GateHouse Media, which has built an empire based on 76 small daily newspapers with a total circulation of 386,000 (an average of 5,216 circulation per title), and 226 weekly newspapers. Grimes says weeklies have maintained strong household penetration, a strong lure for advertisers. (Via Follow the media)