Another community abandons newspapers

Add analysts to the list of people bailing on newspapers.

From Bloomberg:

"Being the newspaper analyst is like being the Maytag repairman,'' said Peter Appert, an analyst at Goldman Sachs Group Inc. in San Francisco. Of the nine newspaper companies he rates, Appert has a "buy'' recommendation on one, GateHouse Media Inc. "Nobody calls, nobody writes. There's a very low level of interest right now.''

When there's nobody covering an industry the investors are certainly not interested. Time to man the life boats.