LA Observed Runs Patrick Goldstein's Killed Column
Patrick Goldstein’s Big Picture column for today was killed after he suggested the LAT make a pact with recording artists to give away scads of free CDs (a la Britain’s Mail on Sunday).
Newspapers, as you may have heard, are in deep doo-doo. While the Times still is a profitable business, our revenue was down 10% in the second quarter while our cash flow was down, as our publisher put it the other day, a “whopping 27%, making it one of the worst quarters ever experienced.”
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