Thursday, February 15, 2007

MediaNews profit margin at 3.5%

Denver-based MediaNews Group — owner of 57 daily newspapers across the country including the Mercury News, Contra Costa Times and Oakland Tribune — reports that it had net income of $12.95 million on revenues of $372.46 million for Q4 2006 -- a 3.5% profit margin. That's up from 2.2% for the same quarter last year.

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