Media Troubled Times
posted by December 28 at 10:25 AMon
Originally posted yesterday.
Puget Sound Business Journal has the scoop on financial woes at the Seattle Times.
Blethen said the Times’ print revenue losses for 2007 and 2008 will total about $33 million, and senior leadership has “amazingly” found $21 million in cost reductions, but “we still need another $6 million to ensure stability next year.”