Many newspaper stocks beat market in 2012

Part one of two.  Second part is here. 

After getting shellacked in 2011, a number of newspaper stocks rebounded sharply last year, with five out of nine publicly held publishers handily outpacing the broader market. 

On average, newspaper stocks rose 20.8% in 2012, as compared with a 13.4% increase in the Standard and Poor’s index of 500 shares. But the average doesn’t properly reflect the