Quote:
Originally posted by transplant99@Aug 22 2004, 05:21 PM
It reaffirms my question where does the buck stop? Why do corporations and companies need billions and millions of dollars? Granted newpaper revenues are on a much smaller scale, but to look at a company like Wal-Mart, why do you need all that money? What is the goal, what is the purpose? You've got billions of dollars, strong sales, lots of stores, what more do you want?
What are they supposed to do?
NOT make money?
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I agree. The NY Times, as an example, is a publicly traded company. I think the Dallas Morning News is owned by Gannet, another publicly traded company.
As a shareholder, I would expect them to try and have the company as efficiently profitable as possible while acting with a degree of responsibility in their community. . . . . the extent of the latter part obviously something we could debate all day.
Lastly, and sheepishly, like many cited in the article, I'm a regular follower of serial type cartoons, story lines like Dr. Rex Morgan serial in the Calgary Herald, now moved to the classified ad section which forces me to go find it.
I have a Big Book of Dick Tracy serials from the 1930's and onward, one of my minor treasures which I haul out periodically.
Cowperson