4 Old Media Companies Breaking Into Facebook, Google

By Larry Gellar As reported by The Wall Street Journal, Mark Zuckerberg (CEO of Facebook) and Donald Graham (CEO of Washington Post Co.) have become rather good friends. It’s a bond between old media and the Internet, which leads us to wonder if there are any newspaper stocks that should be bought right now. Let’s take a look at these 5 news plays: Donald Graham, CEO of The Washington Post Company (WPO), has actually been on Facebook’s board of directors since 2009. That’s led Mr. Graham to see firsthand the amazing power of Facebook, and Washington Post was able to take advantage by creating a Social Reader app. The app allows its users to see what articles their friends are reading, and over seven million people have downloaded the add-on since its release in September. Not everything is rosy for The Washington Post Company though. The company actually makes more money from its Kaplan education centers than its newspaper, but new federal regulations are on the horizon that could hurt Kaplan’s profits. Both advertising and print circulation have declined, and the division that made Newsweek magazine was actually sold for $1 back in 2010. As for cash flows, The Washington…