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Friday, December 28, 2007

Troubled Times

posted by on December 28 at 10:25 AM

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.”

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I'd pay Frank to shoot pit bulls. I know he likes shooting dogs, and it's a new source of revenue.

Frank, you know where to reach me.

Posted by Jubilation T. Cornball | December 27, 2007 1:20 PM

I'll bet they could make a up the difference in no time if they started running ads from escort services and massage parlors.

Posted by Fifty-Two-Eighty | December 27, 2007 2:14 PM

Print revenue is down. So are sales of VCRs. Online revenue (while still a small portion of the business) is growing rapidly.

Posted by DOUG. | December 27, 2007 3:01 PM

All newspapers are going down in revenue. this isn't an exclusive to The Seattle Times. At least they are being proactive.

Posted by Fred | December 27, 2007 3:50 PM

Oh my God, that's so funny.

Posted by Josh Feit | December 27, 2007 4:23 PM

It's not really a scoop. Employees knew about this earlier. And it's not just dailies. The Stranger box outside my building has lots of copies spilling out of the box and onto the sidewalk because there are no takers.

Posted by Stavros Nachos | December 28, 2007 6:54 AM

This is what you get when you post a neoconservative rag in a liberal town.

The market ain't interested.

Capitalism owes no one a free ride, least of all the Blethens or their comrade GWB.

Posted by Will in Seattle | December 28, 2007 10:35 AM

What, are you waiting for more comments? This story was boring yesterday, and it's boring today.

Posted by Greg | December 28, 2007 10:38 AM

I'm glad you bumped this up so that I could read it twice. It's like they need 12 million now.

Posted by sniggles | December 28, 2007 10:44 AM

@8, naw, he's just got to take the obligatory daily shot at the Times, and this was the best he could manage today.

Posted by Fifty-Two-Eighty | December 28, 2007 10:51 AM

i dropped the Times for the PI a year ago, and i'm about to drop the PI because it sucks just as bad.

i'd miss the mayhem reporting, though.

Posted by max solomon | December 28, 2007 10:59 AM

Reposted because...? Oh, I get it now: Josh figures, "Hey they'll be so desperate to get someone in there who will work for $30K a year that they'll actually consider hiring me! Big time, here I come!"

Posted by Lucky Horseshoe | December 28, 2007 11:13 AM

See, Josh actually buys this myth that America still has a middle class, that's his prob, @12.

Posted by Will in Seattle | December 28, 2007 11:52 AM

It's easier to read the comics page and the classified ads in a real newspaper.

It's nicer to not have to take the online version down to the recycling bin, though.

Posted by NapoleonXIV | December 28, 2007 12:56 PM

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