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But it also argues that "we need to be profitable in order to attract the capital to sustain innovation".
Yet news does not always have to be profitable in order to survive.Even in their diminished state, large newspapers attract rich men who seek political or business clout, or who believe that there is money to be made after all.
First though, I want to take up a couple of relevant comments on my blogpost thread, best expressed by leedsnil and graun, because they point out that media companies, whether in private hands or owned by shareholders, must be profitable in order to fund journalism.
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Lord Myners, who is a former Co-op board member, said the Group should adopt a much smaller board and focus on being profitable in order to survive.
The Co-operative Group should adopt a much smaller board and focus on being profitable in order to survive, according to a major review of the 150-year old organisation.
On the same day, a report into the Co-op Group by former board member Lord Myners says the organisation should adopt a much smaller board and focus on being profitable in order to survive.
"We'll be profitable in success.
All the firms claimed to be profitable in recent years.
Entravision, however, is not expected to be profitable in 2001.
Some analysts believe Ford will be profitable in 2010.
By his estimate Onvance would be profitable in 2004.
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