The big business types continue to crunch the numbers for the upcoming Tribune Publishing spinoff. They value the whole newspaper operation at about $635 million. That’s divided among eight newspapers, two of which are huge. No telling what part of that is The Courant, but it’s likely in the double-digit millions.
This article lays it all out for those who speak business finance and analysis.
Here’s the part of the piece that ought to be concerning to my friends on the payroll:
The report projects operating expenses to cut by $65 million this year, in part through “reduced compensation costs.” Tribune Publishing has reduced annual operating costs by $250 million since 2011, offsetting revenue declines, according to the report.
For me, the question of a paper’s value is more philosophical and harder to quantify.