Moroney delivered a flurry of figures yesterday in his talk to us, and Belo delivered a flurry of figures in its quarterly earnings report on Monday. Phillip Stone and I agree on the most important of those figures: circulation revenue now comprises 29% of its revenues. That’s the key to survival, as we’ve been telling you — and them — for years.
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That’s great, but the current freight payers aren’t going to be around forever. Gens X and Y won’t be as eager to pay for newspaper content in print form — or online form.
Moroney needs to ask CNN about its holograms. I’d pay for one of those to read me the news every morning.