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|| SportsShooter.com: Member Message Board
Gannett post 2Q profit
Philip Johnson, Photographer
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Karl Stolleis, Photo Editor, Photographer
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Santa Fe | NM | | Posted: 10:44 AM on 07.15.09 |
| ->> The problem is that papers arent "profitable" The problem is the actual and predicted declines in ad revenue will eventually catch up with them. Given the number of layoffs, furloughs, ect, I am not surprised that they managed to eek out a profit. I think that it is a trend that will eventually end though. |
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Mark Loundy, Photo Editor
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San Jose | CA | USA | Posted: 2:38 PM on 07.15.09 |
->> Corporate success has less to do with profitability than it does with meeting investors' EXPECTATIONS of how profitable a company is.
The "problem" with publicly held news media companies is that investors expect extremely high rates of return. Since newspapers have traditionally been tremendously profitable, investors have correspondingly high expectations that they will continue to perform at those levels.
When those profits drop, investors take their money elsewhere and the corporation's stock price goes down.
The higher considerations of journalism's value to democracy and society are fundamentally incompatible with corporate ownership.
--Mark |
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