DVT has been doing some masterful investigative work of late on the entrenched monopoly that is the Argus Leader. Lack of resources is one of the main excuses the editors of the AL have used through the years for not covering all the news that's fit to print in South Dakota. Now it seems apparent that the excuse is bogus, given the extraordinarily high profit margin that the AL has posted in the past.
Stefan Sharkansky published a post about this very subject last spring, in which he listed the profit margins of some of the largest publicly traded newspaper companies. Suffice it to say that the AL's profit margin is obscene compared even to that of Gannett, its parent organization, which is 18%. (Gannet Co. Inc., by the way, is the most profitable of the large publicly traded newspaper companies.)
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