Cost cuts loom large for newspaper companies in 2017
“You can’t cut your way to prosperity,” holds a favorite truism about the news business. But when Tronc inc. recently reported improved financial results for the fourth quarter of 2016, cost controls were the big driver. The company went from operating at break-even in the fourth quarter of 2015 to posting a $19.4 million profit in the last three months of 2016. Expenses were down 14.2 percent […]