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Editorial costs were also lower than in previous years.
"Our editorial costs are higher than much of the rest of the industry," he said.
"The editorial costs of Time can be distributed across a much wider spectrum of properties".
And now new media threaten the very printed pages that carry their work, as newspaper circulations fall and editorial costs are cut.
Many alt-weeklies can probably get along fine for a while by keeping editorial costs down, relying on entertainment and lifestyle advertising and building their Internet presence.
They argue that if allowed to produce Canadian editions, American publishers would simply include some mention of Canada and then, with their editorial costs already covered, undercut domestic publishers with discount advertising rates.
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As you may have noticed, even the website on that website Tina Brown was absorbing the editorial cost.
Unlike reporting, editorial writing costs the same whether it is good or bad.
Your March 17 editorial "The Cost of Cheap Money" says "there is no sign of inflation on the horizon".
Your March 27 editorial about college costs addresses high-cost private colleges and universities, which a relative handful of students attend.
This leaves little more than twenty-five per cent of the book's price for editorial counsel, production costs, publicity, paying the author, and whatever profit might be left over.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com