Print Newspapers Still Dominate Readers' Attention : CJR

BusinessWeek lost around $20 million on revenues of $147 million in 2008, and that slightly smaller losses are projected in 2009 on revenue of around $135 million. These losses do not, however, include key corporate overhead items, such as rent and certain infrastructure-related costs. When all those items are factored in, the total loss figure essentially doubles, said two executives who saw the data. (Costs for rent or other overhead can be taken out of an operation should a buyer or partner have, say, spare office space and a sizable enough infrastructure.)
Jon Fine with an obituary on his own publication?
Weaker advertising helped drive down sales at the unit 6% to £176 million from the year-earlier period. That contributed to a 53% fall in operating profit to £14 million — a sign of how a newspaper’s profits can be quickly wiped out by even a small drop in ad revenue because of the cost of maintaining a large staff of journalists.
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