TUESDAY, OCTOBER 9, 2007
American Journalism Review
They had an average profit margin of nearly 16% in the first half of the year, but that figure has been in steady decline since 2002, when it was 22.3%, reports
John Morton. The high margins are due to cost-cutting and a decline in newsprint costs -- not improved business. "No industry can cut its way to future success," writes Morton. "At some point, the business must improve."
Posted at 11:42:16 AM
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