Star Tribune's latest monthly operating loss: $1.4 million
The company's cash jumped during the month, which MinnPost's David Brauer attributes to Christmas advertising payments finally coming in.
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If historically better quarters outpace economic deterioration and the advertising shift from print, the '09 projection is makeable.
Still, how does a paper that lost $1.4 million in February hope not just to be profitable, but earn enough to pay back whatever post-bankruptcy debt is left after Christmastime cashflows abate?
Management's answer is clearly labor cuts: the newest figures do not reflect $20 million management is steadily extracting from union workers. That amounts to $1.67 million a month. (Union officials say the actual cuts may be higher.)