smoe.org mailing lists
ivan@stellysee.de
| From | "M. Madler" <mrmadler@mc.net> |
| Subject | Re: LA times Kills column about giving away Prince CD |
| Date | Tue, 24 Jul 2007 20:13:07 -0700 |
[Part 1 text/plain us-ascii (0.9 kilobytes)]
(View Text in a separate window)
Jaimie Vernon wrote:
Seems to me the powers that be at the newspaper didn't object to the
Prince CD giveaway so much as they were about these three paragraphs
revealing their corporate bottom line:
Newspapers, as you may have heard, are in deep doo-doo. While the Times
still is a profitable business, our revenue was down 10% in the second
quarter while our cash flow was down, as our publisher put it the other
day, a "whopping 27%, making it one of the worst quarters ever
experienced." Times are so hard at the Times that the publisher has
proposed putting ads on the front page to generate new revenue.
***If you're referring to the figures on revenue and cash flow, the full
L.A. Times memo with those numbers was made public almost two weeks ago.
Times Editor James O'Shea is scheduled to be at an SPJ mixer on Thursday
night. I can't imagine this issue won't be brought up.
For assistance, please contact
the smoe.org administrators.