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Newspaper actually makes money

Discussion in 'Journalism topics only' started by MisterCreosote, Oct 15, 2015.

  1. MisterCreosote

    MisterCreosote Well-Known Member

  2. BTExpress

    BTExpress Well-Known Member

    Well, once Moddy and his seven-figure salary came off the books, I guess they had a chance. ;)
    dixiehack, Frank_Ridgeway and HC like this.
  3. PaperDoll

    PaperDoll Well-Known Member

    That link is to The Washington Times itself, so I'd want to see the books. Also, I didn't see any references to all the debt obligations being paid. It's hard to be truly profitable when one still owes one's soul to the company store -- or the bank.
  4. The Big Ragu

    The Big Ragu Moderator Staff Member

    Profitability (if it is an honest accounting) would imply that revenues exceed obligations -- the obligations would include debt service.
  5. MisterCreosote

    MisterCreosote Well-Known Member

    The CEO glibly joked about how "the owners can’t wait for us to pay them back."

    Yeah. I'll bet.
  6. JohnHammond

    JohnHammond Well-Known Member

    Congrats on making a profit, which is a feat the vast majority of newspapers managed to do during the past 30 years.
    BurnsWhenIPee likes this.
  7. Batman

    Batman Well-Known Member

    A Gannett paper would announce this, followed by, "Thanks to this success, we'll only have to lay off 5 percent of our staff instead of 10 percent. Good job, everyone! Everything is indeed awesome!"
  8. HejiraHenry

    HejiraHenry Well-Known Member

    In point of fact, for many newspapers - even now - the issue is not profitability but rather profit margin.
    Mr. Sunshine likes this.
  9. BTExpress

    BTExpress Well-Known Member

    Once again, are these papers servicing debt?

    It's all well and good if you have $180 million in revenue and $165 million in expenses. But if those expenses don't include the debt service on your $1.2 billion loan, you're still in a world of hurt.
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