Friday, November 18, 2005

Are those crocodile tears at newspapers?

An Associated Press story by Seth Sutel dissects the laments and hand-wringing of the U.S. newspaper industry and finds that newspapers are still very (some, very, very) profitable, though revenues are faltering. Hence job cuts and trimming newspaper sizes to try and retain those fat profits as long as possible and buy time to figure out how to get equivalent profits from the internet.


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