Dave, here's the nut graf:
"Results were particularly weak in Akron and Philadelphia, where ad revenue was down 10.8% and 5.5%, respectively," CEO Tony Ridder said. "The operating profit downturn at these two newspapers represented 37% of the downturn in GAAP operating profit and 53% of the downturn in adjusted pro forma operating profit."
I would say those two newspapers have a limited time to live...
""Results were particularly weak in Akron and Philadelphia, where ad revenue was down 10.8% and 5.5%, respectively," CEO Tony Ridder said. "The operating profit downturn at these two newspapers represented 37% of the downturn in GAAP operating profit and 53% of the downturn in adjusted pro forma operating profit."
Please Lord, let Ron Burkel and union thugs across the country buy these losers. Then, they can back up dump trucks loaded with liberal money to dump into these black holes.