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From the Memphis Flyer:

Almost nothing has worked this year for E. W. Scripps, the parent company of The Commercial Appeal.

First, however, a little perspective is in order. The CA can and does still make money, although Scripps won’t say how much or what its profit margin is at individual properties. The Scripps newspaper chain earned $58 million in profits on $431 million of operating revenue in the first nine months of 2008. Not great, but hardly a General Motors-style loss either. That said, the trend in circulation, advertising, and finance is not good.

I’m not sure my son will ever pickup a newspaper from a gas station for his news.