sigma7: Sims (gonnahurt)
sigma7 ([personal profile] sigma7) wrote2008-08-11 01:56 pm
Entry tags:

How bad is the newspaper business?

McClatchy owns 49.5% of the Seattle Times. At the end of 2006 they estimated that investment to be worth $102.2 million. Last December they revised that to $19.3 million.

They've just revised it again, for $9.9 million. That's 10% of its value from two years ago.