Traditional media stocks, especially the ones operating in print media, seem to have lost their allure for common investors. Newspaper stocks have long been out of flavor and except for Warren Buffett; no one is interested in buying them. Buffett, being Buffett, affords to see value in places where it does not exist, and manages to get it acknowledged too. However, not everyone can afford the luxury of going so much against the current. Similar is the case with magazine publishers, where industry wide consolidation is long due, but players are not able to muster strength to buy their competitors. Meredith Corporation’s (NYSE: MDP) botched attempt to buy Time Warner’s (NYSE: TWX) magazine portfolio is a case in point.........