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N.Y. Times Earnings Fall in Third Quarter
AP ^
| Oct 19
| SETH SUTEL
Posted on 10/19/2005 8:54:35 AM PDT by george76
The New York Times Co. said Wednesday its earnings fell by more than half in the third quarter...
Net income of $23.1 million...in the July-September period, down from $48.3 million...in the comparable period a year ago.
The company also said it would take an additional total charge of $35 million to $45 million over the next three quarters, beginning in the fourth quarter, for another staff reduction program it announced last month that will eliminate 500 jobs...
Janet Robinson, chief executive of the Times, said in a statement it saw improved advertising growth in September, but the market in the third quarter had been "challenging."
In September, the Times said it would slash about 500 jobs over the following six to nine months. About half of the cuts will be at the New York Times media group, including 45 newsroom positions at the Times newspaper.
The Times' shares fell 21 cents to $27.54, below a 52-week low, in morning trading on the New York Stock Exchange. The shares have traded from $27.74 to $41.62 in the past year.
(Excerpt) Read more at breitbart.com ...
TOPICS: Business/Economy; Extended News; News/Current Events; US: New York
KEYWORDS: karma; kewl; newyorktimes; schadenfreude
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1
posted on
10/19/2005 8:54:39 AM PDT
by
george76
To: george76
Bush's fault (sorry I couln't resist).
2
posted on
10/19/2005 8:57:16 AM PDT
by
rhombus
To: george76
Hehehehe.
"If a dead tree falls in the forest, does it make a sound?"
To: george76
Couldn't they just "borrow" money from a local boys or girls club?
4
posted on
10/19/2005 9:00:32 AM PDT
by
bobjam
To: george76
The Times' shares fell 21 cents to $27.54, below a 52-week low, Shareholders can't be happy this, but I feel warm and fuzzy.
5
posted on
10/19/2005 9:00:59 AM PDT
by
ncountylee
(Dead terrorists smell like victory)
To: george76
But they'll more than make up for it next quarter with the millions of people coughing up $50 to read Maureen Dowd's columns.
6
posted on
10/19/2005 9:01:05 AM PDT
by
KarlInOhio
(We were promised someone in the Scalia/Thomas mold. Maybe next time.)
To: george76
HA ha...
7
posted on
10/19/2005 9:01:39 AM PDT
by
Chode
(American Hedonist ©®)
To: ncountylee
I DO NOT feel warm and fuzzy about this...
8
posted on
10/19/2005 9:05:07 AM PDT
by
rlmorel
("Innocence seldom utters outraged shrieks. Guilt does." Whittaker Chambers)
To: george76
9
posted on
10/19/2005 9:09:19 AM PDT
by
hgro
(A)
To: george76
10
posted on
10/19/2005 9:10:05 AM PDT
by
hgro
(A)
To: george76
A couple of months ago I made a comment to a NYC freeper to the effect that the NYSlimes was increasingly irrelevant, was written only for New Yorkers, and was totally out of touch with reality in the rest of the country. He/she took great offense and gave me the usual New York City attitude, which summarizes to the effect that the yokels in the rest of the country couldn't possibly understand the subtile thought that goes through New Yorkers heads. In short the usual NYC stupidity coupled with the usual NYC pomposity and arrogance.
I wish I could remember his name so as to rub his nose in this.
11
posted on
10/19/2005 9:11:46 AM PDT
by
from occupied ga
(Your government is your most dangerous enemy, and Bush is no conservative)
To: george76
The old grey lady, ain't what she used to be.
To: SF Republican
She's been a whore for the Left for at least 40 years. What was she before that?
To: from occupied ga
"I wish I could remember his name so as to rub his nose in this." It's a laborious process but you have to click on "pings" and work your way back through a couple of months. I have had to do that to find someone who said something silly in the past when more information became available.
14
posted on
10/19/2005 9:31:54 AM PDT
by
Enterprise
(The modern Democrat Party - a toxic stew of mental illness, cultism, and organized crime.)
To: george76
O how my heart bleeds purple peanut butter for the old gray one...
15
posted on
10/19/2005 9:33:50 AM PDT
by
Knitting A Conundrum
(Act Justly, Love Mercy, and Walk Humbly With God Micah 6:8)
To: ClearCase_guy
What was she before that? A whore for the Progressives.
16
posted on
10/19/2005 9:36:35 AM PDT
by
Socratic
(Liberal's motto: Capio ergo sum.)
To: george76
The NY Slimes had better worry about the market poll on the value of its worthless stock instead of creating polls on how bad GW's standings are.
17
posted on
10/19/2005 9:39:31 AM PDT
by
Grampa Dave
(Jamie Gorelick is responsible for more dead Americans(9-11) than those killed in Iraq.)
Comment #18 Removed by Moderator
To: rlmorel; Chode; Knitting A Conundrum; Grampa Dave; SF Republican
19
posted on
10/19/2005 9:43:54 AM PDT
by
Do not dub me shapka broham
("We don't want a Supreme Court justice just like George W. Bush. We can do better.")
To: GungaLaGunga
If the New York Times prints 250,000 copies of its daily edition - and only 50,000 are read - and 200,000 copies are used for fishwrap, bird cage liner, etc., is it worth the trees dying to manufacture the newsprint?
20
posted on
10/19/2005 9:48:25 AM PDT
by
abb
(Because News Reporting is too important to be left to the Journalists.)
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