"As was the case throughout the recession, all of our papers remain profitable and all continue to publish daily, providing communities with needed news and information in whatever form they wish to receive it," Talamantes said in the release.
The company also reiterated its plan to put its 30 daily newspapers behind a paywall, starting with five charging in the third quarter.
"[W]e intend to roll out a metered plan in the third quarter in five of our markets. We will offer readers a combined print and digital subscription package that will include access to web, certain mobile and replica editions for a relatively small increase to print home-delivery rates. We'll also offer online-only digital subscriptions to users after they read a certain number of pages. Once the first wave is launched, we intend to expand this model to our other markets beginning in the fourth quarter of this year," he said.
We can only hope this means no more — or at least fewer — furloughs.