Skip to comments.The New York Times Company Lost $39.7 Million In 2011 (Dinosaur Media DeathWatch™)
Posted on 02/02/2012 8:34:01 AM PST by abb
The New York Times Company reported its Q4 earnings today, and they lost $39.7 million in 2011, or 27 cents a share, after making $107.7 million in 2010.
Q4 profit is down 12.2% y/y thanks to the continuing decline of print advertising and a 67.4% decline in the About Group's operating profit, which also saw a 25.7% decrease in quarterly ad revenues y/y.
The NYT also missed analysts' estimates quarterly net income of 39 cents a share was lower than expectations of 42 cents a share. The fourth quarter income also reflects a $4.5 million payout to departed CEO Janet Robinson, and $7.9 million in severance costs, up from $4.7 in Q4 2010.
(Excerpt) Read more at finance.yahoo.com ...
Not good enough...the libs will keep it afloat no matter how much it loses.
"Did I do that?"
To big to fail?
Now you know why they want to control the Internet.
Most people can spot their B.S. a mile away.
What a great day! Die Commie NYT, Die!
-—What a great day! Die Commie NYT, Die!-—
This proves that if you just look hard enough, you can find some good news in the Obama economy!
I’m sure the Gay Mafia running the Times is very distressed, right?
“Not good enough...the libs will keep it afloat no matter how much it loses.”
It’s not only that. Frontpage had an article on the single company propping up the NYT: Kaplan Learning who uses govt funds to siphon money and keep it operating. I mean, you had NYT editors washing cars to actually help their salaries..
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Even these numbers are probably cooked. The only outsider who gets to look at the real numbers would be Carlos Slim, their sugar daddy from south of the border. And being as how he is a businessman, it it hard to see what interest he would have in the NY Slimes, other than the liquidation value of its plant and real estate. Re that point, when the Slimes goes under and Carlos is selling off their assets, does he get a stepped up basis? The NY Slimes’ death spasms and convulsions are pegging the schadenfreude meters of Real Americans all across the fruited plains.
They’re so good even their DIGITAL product is shrinking.
I don’t follow the business of media and entertainment at all - and you can call me a cynic or conspiracy-theorist — but I think that it just doesn’t matter how much money NY Times makes or loses. It will be around forever.
Its too important a part of the establishment.
Or at least the people who write and publish it, in some form. Which is why it is important that we conservatives learn the business and build our own networks and news reporting agencies.
>>>I dont follow the business of media and entertainment at all - and you can call me a cynic or conspiracy-theorist but I think that it just doesnt matter how much money NY Times makes or loses. It will be around forever.<<<
I’m old enough to recall my mother saying the same thing about the Herald-Tribune. You’ll probably have to Google it to find out when it closed down.
What would be great is if a Conservative bought the rag, fired all the Leftist journos save one as the token Leftist, and those taking their places would be Conservative ones.