Newspaper parent company, Morris, suffers huge loss - KCBD NewsChannel 11 Lubbock


Newspaper parent company, Morris, suffers huge loss


LUBBOCK, TX (KCBD) - More bad news for the parent company of Lubbock's daily newspaper.  Morris Communications owns the Lubbock Avalanche Journal.  Wednesday, that company announced a net loss of more than $140 million for 2008.  It compares to a profit of $67 million.

The company says in Lubbock, advertising revenue is down by $4 million, which is more than 14 percent.  Morris Communications blames a bad national economy for lost advertising.   Recently the company hired experts to consider a possible bankruptcy filing.

Tell us what you think... Message Boards
Sound off on news or current events on our message boards!


Powered by WorldNow

5600 Avenue A
Lubbock, TX. 79404

FCC Public File
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and KCBD. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.