New study: real news more profitable

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New study: real news more profitable

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A new academic study based on 10 years of financial data has found that media companies which invest in their newsrooms, producing a superior product, are much more profitable than companies that slash and burn, hoping to cut costs.

So Tribune, McClatchy, and the other media companies who have been buying newspapers and then cutting staff aren't just betraying the public -- they're betraying their own interests as well.

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