rent

[J Cullen]

Not to soft-pedal MSFT's greed, but I believe the standard operating 
margin for newspapers even with the current ad slump is 20% -- and 
more like 30% in smaller monopoly markets -- while the rate of return 
for broadcasting companies is 40-plus percent. Check out Gannett, Lee 
Enterprises, even bellyaching Knight Ridder. Publishers get fired for 
turning in 20% profit.

-- Jim Cullen


>For a fine examle of monopolists' rents, take a look at 
><http://biz.yahoo.com/fin/l/m/msft_ai.html>. $7 billion in net 
>profit on $25 billion in sales. Is there any other legal business on 
>earth like it?
>
>Doug

-- 
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James M. Cullen
PO Box 150517, Austin, TX 78715
Email jcullen at austin.rr.com
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