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Newspaper Profits

Newspaper Profits. Profit Margins. Year Knight-Ridder Gannet 2000 20.8 29.2 2001 15.9 25 2002 21.3 30 2003 19.2 29.5 2004 19.4 29.1 Earnings Before Interest and Taxes (EBIT) divided by sales . Pulitzer Prize Winners. 1975-1984 15 9 14

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Newspaper Profits

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  1. Newspaper Profits

  2. Profit Margins Year Knight-Ridder Gannet 2000 20.8 29.2 2001 15.9 25 2002 21.3 30 2003 19.2 29.5 2004 19.4 29.1 • Earnings Before Interest and Taxes (EBIT) divided by sales

  3. Pulitzer Prize Winners 1975-1984 15 9 14 1985-1994 29 8 15 1995-2004 8 3 26 Knight- Ridder Gannett NY Times Years

  4. Profit Margins • National average is ~23% • Blue chip average ~12% • Newspaper Shareholders demand returns in the high 20s • Editorial quality versus pleasing stockholders • 2,100 newspaper jobs cut in 2005

  5. Tribune Company • Owns Los Angeles Times • Revolving door of publishers and editors since Tribune took over • Latest casualty is editor Dean P. Baquet • Defied calls for reductions in Times newsroom staff • Boom! He’s gone.

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