One question that always pops up in one's mind while investing in the newspaper business is how the digital and online space will make newspapers redundant.

Being an ardent reader and supporter of newspapers to me it just doesn't seem possible. I think newspapers are here to stay and let me stick my neck out and say everywhere in the world (including the west).

Here is an interesting article that I read on Value Research on why newspapers are here to stay (from an India perspective). Good read and helps raise my conviction in being invested in this space / HMVL for a long time to come -

https://www.valueresearchonline.com/story/h2_storyview.asp?str=29330

Disc: Invested

Percentage change in the "relative" percentage of the entire MCAP (for whatever it's worth).

Source: view-source:http://www.bajaar.me/blog/hist.html (by @vml)

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Sectors v1.xlsx (64.6 KB)

You can't drive forward looking in the rear view mirror! However, all good drivers are taught to periodically glance back.

@reacher I can understand what you went through, even I learnt my lessons the hard way , so I never invest more than 10% of my asset in F&O on a sunny day. Just to answer you which may not be in context with the question's title , I will brief my investment strategy.
I follow 10:70:20 as my ratio of F&O,Stocks,Fixed Returns:
Now say a recession like 2008 hits, my portfolio would look like this:
============== F&O === Stocks === FD
Before Recession : 10 ===== 70 ===== 20
At peak Recession: -40 ==== 35 ===== 20

So to safeguard F&O a/c you liquidate Stocks and FD move 20 lakh each to F&O:
F&O: (10-50+40)=0, Stocks: (70-35-20)=15, FD:(20-20)=0
1 Crore becomes 15 Lakh. How scary does it look? Trust me even the best lot would struggle to hold on to their nerves.

Now after market comes back to breakeven like in 2010:
F&O: (10-50+50+40+400)=450, Stocks: (15+15)=30, FD : 0
Now how does it look in 2010. Market Just came back to where it was in 2007, you have simply grown your asset 4.8x when others were getting their account wiped out in the midst of recession.

However I still don’t consider the above ratios very safe. What if it’s a bigger depression than 2008? It's believed the next depression is going to be bigger than 2008. Besides our assumption of a valuepickr's stocks' portfolio to have the same beta as the index is too optimistic to be true. Moreover emotionally it's not as simple to execute as on papers. If someone is still not scared show him this http://www.macrotrends.net/1319/dow-jones-100-year-historical-chart:
2008 => -50%(It took 2 years to break even)
1932 => -88%(It took 25 years to break even)

I use a LAS account and pledge stable companies' shares. I keep loan amount to about 10% of the portfolio. This is as suggested by Basant Maheshwari. He says that this way the interest can be serviced by dividends.