For all the doom and gloom about the newspaper business, especially on Wall Street, readers might be surprised at just how profitable they are. Allen Mutter did the analysis, and while he notes that more cuts are coming as sales fall this year, the margins aren’t anything to sneeze at:
…the average operating profit among the six publishers is 18.5%, as measured by earnings before interest, taxes, depreciation and amortization (EBITDA). For all that ails the industry, this surpasses the EBITDA of such companies as Chevron (18.7%), Boeing (11.2%), Wal-Mart (7.7%) and Amazon.Com (6.0%).
Get the D Brief Newsletter
Dallas’ most important news stories of the week, delivered to your inbox each Sunday.