"Cost cutting produced a solidly profitable third quarter for Gannett Co"... and in the very next paragraph, "But the latest financial results for the country's largest newspaper publisher show another big decline in ad revenue."
How's it possible, who's zoomin' who here.
Good grief.
When the doors are locked on these joints how're they going to frame it? "Yellow Press closes after 150 years, value of their real estate soars." ??
Is THIS the crap the ignoramus urinalists are actually taught these days? This is a LOT more than common denial, "spinning" or even decent propaganda. It's sick, borderline psychotic where the only cure's bankruptcy, liquidation sales and unemployment for the afflicted offenders.
"Gannett owns USA Today, more than 80 other newspapers and 23 television stations."
The condition(s) permitting the above has really been bothering me. Trying to remember what "Law" {spit} was enacted and/or repealed allowing this condition.
What ever [it] or wasn't it's been *&* is the death knell for an entire industry and quite likely the Republic, itself.
The only way newspapers have been able to stay afloat is by cutting head count. This past quarter saw a big decline in the cost of newsprint, which is a significant cost item.
Cutting head count can only go so far - at some point you will not have the people to physically do all that is required to publish a print product.
At any rate, as circulation declines, there is a corresponding decline in influence.
Our local Gannet paper is merely a Democrat party newsletter. It should title itself as the Liberal Hotbutton. They only select news items that promote liberal issues. I canceled it years ago.