Newsaper profit margins diminished or disappeared

Many of the world renowned newspapers are heavily indebted, have little cash in hand, and their profit margins have diminished or disappeared.

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Newsaper profit margins diminished or disappeared
Average profit margin at The New York Times down 50%
Average profit margin at the Washington Post down 25%
The Tribune filed for bankruptcy protection
Demand falls, staff cut, quality falls, demand falls
Online-only model will only support around 20% of staff
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