With 2008 drawing to a brutal close on the media beat — bankruptcies, daily newspapers that are no longer daily, magazines that are downsizing into brochures — a little ray of light appeared in my e-mail inbox. It was from a newspaper owner, of all people.
Into the teeth of a historic recession, the newspaper had just published the biggest issue in its history. The product is double-digit profitable, and it has been growing at a clip of about 10 percent a year since it was founded in 1999, right about the time the Web was beginning to put its hands around print's neck.
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