Yesterday, the Chicago Tribune laid people off in part, we’re told, because of the Interwebs and the destruction they hath wrought in printworld:
division generated $461 million in operating cash flow last year, a
margin of 16.7 percent “during one of the worst years in newspaper
A brief show of hands, please, from the business-minded among us: Who here reading would be pleased to get a 16.7 percent profit margin from his company today?
I thought so. If anyone needs me, I’ll be over here sharpening my knives for another day of killing.