David Zeeck, publisher at The News Tribune, tells readers all is well at his paper because TNT has turned a profit every week, every month.
There has not been one month, not one week, that we haven't been in the black.
But McClatchy is forced to take revenue from its 30 daily newspapers to pay down $2 billion in corporate debt, thanks to the 2006 Knight Ridder acquisition. Sure, the debt has been deferred but it's still there, weighing heavily on the company and the 30 newspapers.
So does Zeeck factor the company's crushing debt into his calculations? If not, I think he gave readers the wrong impression.
I emailed Dave Zeeck to ask. I'll let you know his response.