Topic: NYT Profits Drop 82%
Quikstepper's photo
Wed 07/23/08 08:06 AM
That's cause it's become a tabloid with a definate political bias...

New York Times 2Q profit drops 82 percent

NEW YORK (AP) - New York Times Co. says its second-quarter earnings fell 82 percent from the year-ago quarter boosted by a one-time gain. Meanwhile, print advertising revenue continued to shrink.
The New York-based newspaper publisher says its quarterly net income dropped to $21.1 million, or 15 cents per share, which included 11 cents per share in buyout costs.

Analysts polled by Thomson Financial expected income of 22 cents per share in the latest quarter. Analyst estimates typically exclude special items.

Revenue dropped 6 percent to $741.9 million, missing the average Wall Street estimate for $754 million. Ad revenue slipped down 11 percent, hurt mostly by fewer classified ads.

Chief Executive Janet Robinson says business was hurt by the "U.S. economic slowdown and secular forces playing out across the media industry."

http://www.breitbart.com/article.php?id=D923IUFO0&show_article=1

In other words... there are better places to get the news that's FIT to print.:wink: :wink:

no photo
Wed 07/23/08 08:19 AM
well..actually, newspapers and other written types of media have seen a drop in revenue over the last decade..TV, Internet and basically people not reading anymore have more to do with the loss of profits than anything else....

no photo
Wed 07/23/08 08:29 AM
Kinda like Fox????

no photo
Wed 07/23/08 08:34 AM

Kinda like Fox????


that appeals to the "dont think for themselves" sector of the public..laugh

Fanta46's photo
Wed 07/23/08 09:36 AM
Edited by Fanta46 on Wed 07/23/08 09:36 AM
The Times did endorse McConfused...laugh laugh

Quikstepper's photo
Wed 07/23/08 12:31 PM
FOX does a great public service in giving another point of view unlike the rest of the commie news networks.

Doesn't that just piss off the mind numb lefties...LOL


no photo
Wed 07/23/08 02:18 PM


Kinda like Fox????


that appeals to the "dont think for themselves" sector of the public..laugh

:thumbsup: :thumbsup: .

t22learner's photo
Wed 07/23/08 07:44 PM
Pretty much all old print media is down. Ever hear of the internet? People now expect their news free.