Wednesday, July 15, 2009

News Flash: Dying Newspapers Still Make Money

Posted By on Wed, Jul 15, 2009 at 2:48 PM

Just in case you thought staff at Gannett Company-owned Tennessean were getting laid off because the paper was losing money, well, here's evidence to the contrary. In a release today, Gannett announced that they generated $175 million in 2nd quarter cash flow from their publishing (read: newspapers) division. Hooray for maintaining margins!

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