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Untitled Document

What else will fall at New York Times Co?

Published: Thursday, April 19, 2007

-LENN HINDSMANN

New York Times’ numbers are in and shareholders can't be happy. Advertising continues to be the source of many revenue declines in the newspaper business as advertisers continue to spend more money online. ARTHUR "Pinch" Sulzberger and company may want to shore up the company's digital business even more by the time Q4 comes around to offset any print ad pot holes. That’s what saved the folks at Wall Street Journal publisher Dow Jones.

First-quarter net income was $23.9 million, or 17 cents a share, compared with $32.4 million, or 22 cents a share, in the same quarter a year earlier. Excluding special items, profit from continuing operations was 25 cents a share, unchanged from a year earlier.Analysts, on average, had expected the company to earn 18 cents a share on revenue of $785.2 million, according to Reuters Estimates.

New York Times Co. quarterly profit, revenue fall [Reuters]

Labels: Ads, Digital_Media, DowJones, NEWSPAPERS, NYTimes, Quarterly_Reports

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