understatmenet of the day

Revenues in the print publishing unit—i.e., the Journal—fell 8.8 percent from the year-ago quarter. Advertising linage at the U.S. Wall Street Journal was down 9.9 percent in March alone. Worse, "Print publishing had an operating loss of $7.1 million in the first quarter." In other words, the daily diary of the American dream, the paper designed to help you make money, is probably losing money. And as the flagship drifts on, the captain who guided it into becalmed seas remains firmly entrenched at the bridge.

attribution