In his most recent post Winer makes the following claim:

Financially, things are looking terrible at AP — as at other news organizations. There’s a general downward trend in the economics of news, and that’s amplified by the downturn in the economy. If we could see AP’s balance sheet, we might conceive of something desperate ourselves…

In the comments, an astute reader notes:

You can read the AP’s balance sheet, Dave, and it’s not at all in bad shape as you claim.

link

In fact, revenues were up and the AP is in the black, despite it being a non-profit and only needing to break even. AP makes money selling content, not something many people can claim.

Dave’s response seems worth an EoW blog post, IMHO.

So what was Dave’s response?

Then there must be something else they saw that made them freak.

The strong reaction was observable. The reason for it, not so clear.

Which is basically his way of saying “I’m still right, even if my facts are wrong.”

Thanks for the email!