Wednesday, April 25, 2007


Missed this when it came out earlier this month. Profits plunge at DNA:
The Denver Newspaper Agency, which operates the business functions of The Denver Post and Rocky Mountain News, recorded declines in revenue and net income in 2006.

A March 30 filing to the Securities and Exchange Commission shows that from 2005 to 2006, the DNA reported a 60.8 percent drop in net income and a 5.3 percent decline in operating revenue.

Net income fell from $47.2 million in 2005 to $18.5 million in 2006. During the same period, revenue dropped from $431.7 million to $409 million. Net income is profit, and operating revenue is made up of advertising and circulation sales. . . .

The DNA and The Post have cut staff in the past year, and the News said last month it aimed to trim 9 percent of its newsroom with voluntary buyouts.
Now the Post is offering buyouts to "around 90" of its 268 newsroom employees. Look out below.

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