Newspapers Are Thriving - in India
On December 20 2007 the Tribune Company's Sam Zell said “I’m sick and tired of everybody talking about and commiserating about the end of newspapers. They ain’t over.” The Tribune is now in bankruptcy having lost $121.6 million in the third quarter as sales dropped 10%. Publishing revenue declined 13% to $653.6 million. Newspaper ad sales fell 19% steeper than the 15% slides in the first and second quarters. At McClatchy (MNI) the third largest newspaper company in the United States through the first 10 months of 2008 our advertising revenues are down 17.4%. Last month the New York ...
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