US: Despite downturn, newspapers still profitable
Posted by Lauren Drablier on October 23, 2008 at 12:03 PM
According to PaidContent, although ad revenue is down 19 percent and interest expenses on $2.1 billion of debt, newspaper companies are still profitable.
McClatchy CEO Gary Pruitt believes that ad revenue declines are cyclical and newspapers will not go out of business.
PaidContent's Lauren Rich Fine offers this advice, "For an industry that well understands it serves the greater good, come to terms with lower margins. And then go private!"
Source: PaidContent
McClatchy CEO Gary Pruitt believes that ad revenue declines are cyclical and newspapers will not go out of business.
PaidContent's Lauren Rich Fine offers this advice, "For an industry that well understands it serves the greater good, come to terms with lower margins. And then go private!"
Source: PaidContent
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