Mr. Reynolds,

While I have expressed on this board my concerns over the amount paid for the Herald Dispatch and the result to both debt service levels and share price, I have to consider why I am still holding on as a CHMP shareholder.

Just perhaps it is because I know that you too, Mr. Reynolds, as the single largest shareholder felt the sting of the dividend elimination.

Just perhaps it is because you did what you believed was right to buy a newspaper and to try to make a difference in that community. Granted, none of us could really anticipate the severity of the recession that followed.

Just perhaps, you believe as I do, that the death of the newspaper industry is greatly overstated. I read the WSJ and my local newspaper daily and have no intention of cancelling either. They provide me with information that I can pick and choose ... what catches my eye...business, international news, local, coupons, advertising, current events, movies, etc.

Mr. Reynolds, if you have not seen "The Soloist" (Jamie Foxx, Robert DeNiro) ... take a chance ... buy it tonight. Forward it to every "Herald Dispatch" reporter. Newpapers and their writers can make a huge difference in their community and at the same time revive subscriptions.

I believe the recession is now winding down and advertising will lead the way out, particularly auto.

Good luck Mr. Reynolds. I can't say it has been a happy ride as a CHMP shareholder, but that movie "The Soloist" gave me some insight how a newspaper can indeed make a difference. So can the Herald Dispatch. Champion will be back, and Mr. Reynolds, I believe you will lead the way.

Regards,

GT (CHMP Shareholder)