The Washington Post Company (WPO)

TMFLucky11 (95.16) Submitted: 8/31/2006 4:56:48 PM : Start Price: $766.62 WPO Score: +37.43

The Washington Post is one of the most well-known newspaper names in the world. But like with the New York Times, WPO's business model is SO 20th-century, and if it's going to succeed in an era of up-to-the-minute information and on-demand news, it's got to change its current course. It continues to diversify into radio, television, and the Internet, but its smaller newspapers still aren't focusing nearly enough on their bread-and-butter: local and regional news. The national and international events of the day are already covered in great detail by cable, the Internet, and newspaper behemoths (such as its flagship) -- city newspapers would do well to remember this. Until it can do so -- and until it can further diversify into arenas that aren't fading into obsolescence -- I'm staying safely away.