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The Way Wall Street Sees It: "Even The Most Diligent" Cost-Cutting By Newspaper s Cannot Make Up Revenues Losses – Goldman Sachs After Reviewing Gannett’s Dismal May Numbers
Philip M. Stone June 21, 2007
As newspaper groups continue to report how their Internet revenue increases are just swell but, well, let’s not talk about print, Goldman Sachs weighs in with the view that no matter how good that Internet revenue, no matter how big the print cost-cutting, those print losses continue to outstrip all the bandages. available for restricted access.
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