VITAMEDIAS
Publisher of Post pushes for profits: Despite years of losses at the New York Post, publisher Lachlan Murdoch lectured Australian media colleagues about the need to make a profit, because "good business supports great journalism."
Though the Post is reliably said to lose as much as $40 million a year, Murdoch said: "The profit motive is not only fundamental to our ability to reward shareholders and pay employees, it's fundamental to excellent journalism."
He scolded "the self-anointed media elite" who believe "making a profit is positively sinister."