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Anonymous (not verified) says:
First, Newsday didn't make a full-fledged effort at a New York Newsday edition until the early 90s. Second the New York City edition made money within a year or so. It's just that the Corporate bean counters didn't think it made ENOUGH money, so they shuttered the best paper the city had in years.
All the mainstream media ever talks about is that revenues are down at newspapers (true). What they don't mention is that many of them are still making profits. The LA Times had a profit margin of about 15 percent when Tribune started cutting jobs. That's a better return than most of the Fortune 500 companies. The solution is to have local, non-corporate ownership of big city dailies.
First, Newsday didn't make a full-fledged effort at a New York Newsday edition until the early 90s. Second the New York City edition made money within a year or so. It's just that the Corporate bean counters didn't think it made ENOUGH money, so they shuttered the best paper the city had in years.
All the mainstream media ever talks about is that revenues are down at newspapers (true). What they don't mention is that many of them are still making profits. The LA Times had a profit margin of about 15 percent when Tribune started cutting jobs. That's a better return than most of the Fortune 500 companies. The solution is to have local, non-corporate ownership of big city dailies.