30 Mar 2009
The most profitable newspapers have tended to be monopoly markets with circulation of 20,000 to 100,000 readers. These are not sexy papers like The New York Times and The Wall Street Journal, which have historically have significantly low margins.
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Jonathan Knee, Senior Managing Director, Evercore Partners & director of the media program at the Columbia Business School
One Banker’s Plan to Save the Newspaper Industry - Deal Journal - WSJ
