Gannett Newspapers Profit Slides 53%

Wonder when will newspapers report the news and not cover for the liberal democrats? Oh, did they lose money? Did some papers have some layoffs? I bet if they reported the real news they would increase subscriptions and advertisements. Would that not lead to more profits. List of dead tree Gannett papers in Wisconsin

Appleton Post-Crescent
Fond du Lac Reporter
Green Bay Press-Gazette
Manitowoc Herald Times Reporter
Marshfield News Herald
Oshkosh Northwestern
Sheboygan Press
Stevens Point Journal
Wausau Daily Herald
Wisconsin Rapids Daily Tribune

From MarketWatch

Oct. 19, 2009, 4:30 p.m. EDT
Gannett's quarterly profit slides 53%; results top estimates

"Classified revenue, traditionally the main source of income for newspapers, dropped 37% from the same quarter a year ago -- the best year-over-year comparison for Gannett in 2009. Automotive classifieds fell 35%, while help-wanted dropped 56% and real estate was down 37%. "
Gannett profit slides 53%; results top estimates - MarketWatch

Update, This seems to fit the Gannett group and their profit report. From Rush Limbaugh.com

Story #1: Liberals Aim to Make the News Industry Non-Profit

RUSH: Our country is being dismantled right before our very eyes. People on our side want to play like this is just politics as usual. Yeah, Democrats won the election, yeah, they had the right implement their policies. Have you looked at what the policies are? Have you looked at what the ultimate objective of the policies is? I don't see any opposition to this in the Republican Party. I look at this and I just feel powerless to stop any of this. I'm just a guy on the radio, powerless to stop any of this. I'm sure that you do, too, then I come across stories like this and I just laugh myself silly except this is going to happen, too. The Associated Press reporting: "Journalism is at risk, and American society must act to preserve it." That's a key message in a new report coauthored by Len Downie, the former executive editor of the Washington Post. "In a paper commissioned by the Columbia University Journalism School, the ex-Post editor, Len Downie, and Michael Schudson, a Columbia professor, argue the government, universities and nonprofit foundations should step in as newspapers suffer financially. The authors recommend that the Internal Revenue Service or Congress ensure the tax code allows local news outlets to operate as nonprofits."

Change the tax code to let the news business become nonprofit. They "urge philanthropic organizations to support local reporting. They suggest the Federal Communications Commission establish a fund using fees from telecommunications companies or Internet providers for grants to innovative local news groups." This is all about a panic that has settled in, the news business cannot sustain itself anymore, "We don't want bailouts, we don't want bailouts, no, no. We just want universities and philanthropic organizations, rich foundations to endow journalism and make it a nonprofit concern," for the express purpose of having it controlled all the way down to the local news level. Don't be fooled by all this talk about how it's necessary to preserve local news reporting. This is about controlling the media on every level, especially on the national level, and this is how they intend to do it.