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It had a deserved reputation for being one of America's worst, if most profitable, newspapers.
In May, it also sold one of its most profitable newspapers, Newsday, to Cablevision for $650 million.
I even thought that some monopolies were useful; securely profitable newspapers obviously behaved more responsibly than economic weaklings.
That has forced the company to consider the sale of Newsday, one of its most profitable newspapers — precisely the kind of move Mr. Zell had said he did not want to make.
Some newspaper analysts say the Tribune Company needs to bring The News's operation in line with its other, quite profitable newspapers, such as The Chicago Tribune and The Orlando Sentinel in Florida.
In another deal struck in 2000 with little board oversight, the suit says, Hollinger agreed to swap profitable newspapers that it owned for less profitable papers that belonged to a company owned by Lord Black.
Similar(50)
They established a profitable newspaper from scratch.
"Their newspapers are profitable," newspaper analyst John Morton said.
"Newsday will always be a profitable newspaper because it has an absolute monopoly over three million people," Mr. Greene said.
Whether or not the Chicago Sun-Times is as prestigious as the Daily Telegraph, it remains a profitable newspaper in a major city.
NEW DELHI — The philosophical owner of India's most profitable newspaper used to tell his senior editors that his publication was like a temple.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com