Total revenues are not yet headed in the right direction, but investors still liked what they saw in the newspaper industry last year and bid up share prices accordingly.
Six of eight publicly traded companies showed gains for 2012; four of those were up 30 percent or more. The two companies that lost ground — Washington Post and A.H. Belo — were down just 3.1 percent and 2.1 percent, respectively.
Lee showed the biggest percentage gain, up 62.9 percent, followed by McClatchy (36.8 percent), E.W. Scripps (35 percent) and Gannett (34.7 percent).
If you bought a bundle of newspaper stocks at the beginning of last year and sold Monday, you would likely have pocketed a 25 percent gain.