The numbers are starting to come out for newspaper earnings. Take a wild guess.
- The Tribune Company lost 62 percent of their earnings.
- McClatchy kept earnings about the same though they lost almost 5 percent of their circulation.
- Media General lost 47 percent from a year ago.
- Gannett lost 8.3 percent.
Of course, none of the papers will admit that their bias and reportage are to blame for their problems. Instead it is all the fault of Internet activities, Craigslist, the uncooperative entertainment and auto industry, and a "weak operating environment." Leave it to journalists to blame even thier financial problems on the environment.
I would highly suggest any newspaper publishers wanting to save their papers take a tip from my recent Newsbusters post on the real problem.