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Seattle Times Newspaper Says It Lost Money for Fourth Straight Year in 2003.
Knight Ridder/Tribune Business News, February, 2004
By Bill Richards, The Seattle Times Knight Ridder/Tribune Business News
Feb. 5--The Seattle Times, citing disappointing advertising revenues and the area's continuing economic slump, said yesterday the newspaper recorded its fourth straight year of financial losses in 2003.
Times spokeswoman Kerry Coughlin declined to disclose how much money the paper lost last year under its joint-operating agreement (JOA) with its crosstown rival, the Seattle Post-Intelligencer.
"We know we lost money under the JOA formula in 2003, but we haven't audited those figures and don't intend to make them public," she said.
Coughlin also declined to say whether The Seattle Times Co., which owns the Seattle paper and others in Washington and Maine,...
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