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From "Mort Bids for Philly Papers," by Janet Whitman, in today's Post:

However, the two Philadelphia papers, with operating margins of about 10 percent, are more profitable than Zuckerman's New York operation, which is believed to barely eke out a profit, said newspaper consultant John Morton.

Yeah, it must suck to "barely eke out a profit." But, then, it must suck even more to lose $15 to $30 million a year.


Mort Bids for Philly Papers [NYP]
Related: The New York Post: Profitless Paper In Relentless Pursuit [BusinessWeek]