Poynter Online: Profit-layoff comparison ‘bogus’

That’s according to Biz Blog author Rick Edmonds, who criticizes a former Gannett employee (and maybe me, too) over those newspaper profit margins and the current round of job cuts. “It’s bogus,” he writes, “to juxtapose some leaked profit margins at Gannett papers for the first three quarters of 2007 — ranging as high as 42% — with this week’s layoffs.” Edmonds explains.

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