Headline: Newspaper Makes Money!
How’d that happen?
… a nearly forgotten word has crept back into Times executives’ vocabulary: profit. “On a month-to-month basis, we are starting to operate in the black,” Mr. Blethen, who is also chief executive of The Seattle Times Company, said in an interview last week.
… Oddly enough, what remains of The P-I is also faring better than expected. The Hearst Corporation kept the paper’s Web site alive as a news operation with a small staff, heavily reliant on more than 200 unpaid bloggers who write on things as diverse as their neighborhoods, cooking and marathon running.