Can You Feel the Bottom? Born-Again Cost-Cutting Leads Back to Profitability
What the predictions failed to get right was how deeply newspaper companies have cut expenses. Consider these cuts, 2Q, 2009 compared to 2Q, 2008: * McClatchy: 29% * Gannett: 20% * Media General: 23% * New York Times: 20% It is these cuts -- coming on a base that has been shrunken quarter by ...
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