[vikingd00d]

>>The company, Block Communications, said it had lost more than $350 million over the past 20 years while publishing the newspaper.

If a company is posting $17.5 million a year in losses, WHY would they allow that bleed to continue for two decades? It seems like fiduciary mismanagement of stockholder value.

[Red Badger]

Wasn’t it ‘family owned’?...............

[Major Matt Mason]

If a company is posting $17.5 million a year in losses, WHY would they allow that bleed to continue for two decades? It seems like fiduciary mismanagement of stockholder value.

Probably hoping that Congress would bail out the newspaper industry, which has thankfully not happened but was rumored at various times over the past 20 years or so.

[sloanrb]

Probably because USAID got shut down and they lost funding.

Trump has been turning off the NGO funding spigot.

[cgbg]

Privately held—family business.

https://en.wikipedia.org/wiki/Block_Communications

How do you become a billionaire?

Take two billion and operate a newspaper.

Lol.