Opera Company of Philadelphia announced its new season with something less than the usual fanfare this week. Citing financial constraints, OCP is cutting one of its five annual productions, and has adjusted its planned repertoire to add more crowd-pleasers and eliminate an expensive Tchaikovsky production. The company, which has historically operated in the black, ran a small deficit last season, and could lose as much as $200,000 this year. “Subscribers have declined from 11,568 last season to 9,233 this season, with a drop in total ticket revenue from $4.46 million to a projected $3.9 million.” Donations have been flat as well.