Tuesday, July 26, 2011 – 01:30 p.m.
Local newspaper circulation continues to dwindle these days and rumors of more job cuts at Los Angeles News Group publications has once again surfaced.
The Los Angeles News Group is reporting that its member papers, Inland Valley Daily Bulletin, The Sun, and Redlands Daily Facts, have a combined paid daily circulation of just over the 100,000 threshold.
Here is the numbers from the groups website:
Inland Valley Daily Bulletin 49,899 Paid Daily Subscriptions The Sun 50,941 Paid Daily Subscriptions Redlands Daily Facts 6,972 Paid Daily Subscriptions Total 107,812 Paid Daily Subscriptions
The stop-gap measure of mandatory quarterly furloughs does not appear to have stopped the financial hemorrhaging at the newspapers.
For the quarter ended March 31, 2011, the company lost $6.7 million.
For all of 2010, the company lost $124.3 million.
One need only to look at the shrinking size of each area newspaper where advertising outstrips content.