IAC Si, Newspapers No
Powered by Ask, IAC beats analysts' expectations (wish I could do that), while newspapers are having a tough time, (reg. req'd) which analysts ( in this case Goldman Sachs) predict will continue:
The weak ad environment for newspapers has caused Goldman to scale back its 2006 growth forecast to 3.5 percent from 4.0 percent . . . [N]ational ad growth would once again be weakest at 1.0 percent, followed by retail, 2.5 percent, and classifieds at 3.6 percent. The bright spot continues to be online newspaper revenues, which are projected to grow an impressive 25 percent in 2006. Despite this, online will still represent 5.0 percent of total newspaper revenues.