Boy, are we dumb. Those price increases sounded like monopolistic price-gouging to us, but what do we know?
The Times had some happy news to report, as well. "The cash-flow margins for the newspaper--perhaps the best measure of profitability--peaked at 34 percent in 1997 before dropping to 32.6 percent in 1998. Newspaper margins in the 20s are more common."
So the newspaper continues to perform well ahead of the industry. That should be good news to advertisers paying those steeper rates and the 180 people at the Morning News and WFAA who took early retirement recently to help boost those sagging stock prices.
--Compiled from staff reports by Patrick Williams
Juntos pedemos means Buzz can't do it without you. Send e-mail to patrick_williams@dallasobserver.com.
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