By Jesse, 1:51 PM on Thu May 18 2006, 55 views (Edit, to draft, Top, Slurp)

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From "Mort Bids for Philly Papers," by Janet Whitman, in today's Post:

However, the two Philadelphia papers, with operating margins of about 10 percent, are more profitable than Zuckerman's New York operation, which is believed to barely eke out a profit, said newspaper consultant John Morton.

Yeah, it must suck to "barely eke out a profit." But, then, it must suck even more to lose $15 to $30 million a year.

Mort Bids for Philly Papers [NYP]
Related: The New York Post: Profitless Paper In Relentless Pursuit [BusinessWeek]