[vbmoneyspender]

I think you'll find CBS and every major newspaper in the United States facing the same problem.

Earth to muawiyah: many major newspapers have gone out of business and more are on the way.

People in the private sector are very aware that their company could go out of business if they operate at a loss - but apparently people in the govt' sector think it is something to laugh at when the agency they work for loses 7 billion in a single year.

[muawiyah]

Hey, I'm retired, but a $7 billion loss in revenues is about 8% of revenue ~ not exactly a pleasant experience, but certainly not chump change.

Your typical airline suffered losses far beyond that, as did the majors in the construction industry.

USPS has CUT COSTS commensurate with its operating revenue losses.

Without even being there that means NO NEW VEHICLES, NO NEW BUILDINGS (and at $150,000,000 a pop, and several of those a year to keep up with the need to modernize and handle additional automation mail that's a biggy), no pay raises, etc.

USPS financial managers run the place close to the bone with revenues usually within half a percent of costs on a monthly basis.