That number seems a bit low to me.
I think Cicero’s theory has merit. They took it in the shorts in their education division.....big time. Their circulation has flat-lined: what they lost in print, they made up in online circulation.
It amazes me why people would subscribe to that drivel when they can get much better for free.
Still, a 67% loss will bring folks into the boardroom. Shareholders are not going to tolerate zero growth circulation in the print division, in the only place in the USA where jobs are stable.