This is Good News…

… but not the entire story.  The good news is LA Times editor Russ Stanton’s declaration that “the paper’s online advertising revenue is now sufficient to cover the Times’s entire editorial payroll, print and online.” The Guardian column provides several caveats, and I’ll assume we need to take Stanton at his word – that the revenue does not also cover the costs of the ad sales and technology staffs. But still, progress.

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