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The Los Angeles Times, Bleeding Out, Blames Hollywood: “It’s the Pictures That Got Smaller!”

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From Editor & Publisher:

During a conference call with analysts and investors, Dennis FitzSimons, chairman, president, and CEO of Tribune, attributed Newsday’s drop in preprint revenue — it plummeted 28% — to a terminated relationship with one of the paper’s main outside sales agent in March 2005. ‘Some preprint customers elected to move business to that individual’s competing products,’ he said during the call. ‘Bringing that business back is one of our highest priorities.’

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