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New York Times Profit Falls 12%; Print, Digital Revenues Still Falling
breitbart ^ | 6 Feb 2014, 5:13 | Joel Pollak

Posted on 02/06/2014 8:46:11 PM PST by gooblah

The New York Times announced Thursday that operating profits had fallen 12% in the fourth quarter of 2013 compared to the same period a year before. Earnings per share dropped by roughly two-thirds, from $0.76 to $0.24. Total revenues were down 5.2% and advertising revenues were down 6.3%, with print advertising revenues falling by 7.0% and digital by 4.3% over 2013. The company added digital subscribers, up 19% in the fourth quarter of 2013 compared to same period in 2012, but its circulation revenues were down, too.

(Excerpt) Read more at breitbart.com ...


TOPICS: Miscellaneous; News/Current Events; US: New York
KEYWORDS: dbm

1 posted on 02/06/2014 8:46:11 PM PST by gooblah
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To: gooblah

As far as I am concerned, The New Yawk Slimes can fall off of the planet.


2 posted on 02/06/2014 8:52:14 PM PST by AlexW
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To: gooblah
POOR New York Times! Those POOR people. My heart ACHES for their woes. :o( I feel SO sorry for them.

.

.

.

Bwaaahahaha!

3 posted on 02/06/2014 8:52:28 PM PST by cloudmountain
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To: gooblah

Profit is evil so god bless ‘m their living their dream.


4 posted on 02/06/2014 8:53:29 PM PST by DManA
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To: gooblah

Snort, snort, snicker, snicker, bwahahahahahahahaha. Good ridance.


5 posted on 02/06/2014 8:54:55 PM PST by Parley Baer
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To: gooblah
The New York Times announced Thursday that operating profits had fallen 12%

Being as I despise the rat bastards, this is music to my ears.

6 posted on 02/06/2014 8:56:25 PM PST by Mark17 (Chicago Blackhawks: Stanley Cup champions 2010, 2013. Vietnam Vet 70-71 Msgt US Air Force, retired)
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To: gooblah

7 posted on 02/06/2014 9:01:19 PM PST by P-Marlowe (There can be no Victory without a fight and no battle without wounds)
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To: gooblah

I guess that a business plan based on reporting “all the news that fits our Marxist agenda” isn’t working out too well.


8 posted on 02/06/2014 9:05:06 PM PST by InterceptPoint
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To: gooblah

it must beso hard to wortk there.

as a liberal you feel entitled to a huge paycheck for your massive cobtribution to altering society,

yet you hate capitaism and profits so you feel good your company keeps earning less.


9 posted on 02/06/2014 9:05:45 PM PST by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
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To: gooblah

Has had some bright writers. But the paper is not purchased here due to its failure to
Do much real investigative journalism plus it’s almost unbearable biases. If we had a birdcage
.......


10 posted on 02/06/2014 9:06:59 PM PST by faithhopecharity (C?d)
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To: gooblah

See what happens when you don’t have a comics page? /s


11 posted on 02/06/2014 9:07:49 PM PST by Veggie Todd (The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. TJ)
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To: gooblah

At that rate they should be broke in a couple of years.


12 posted on 02/06/2014 9:13:35 PM PST by minnesota_bound
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To: gooblah

No wonder the NYT is printing phony Benghazi stories to help Mrs. Bill Clinton! They need the circulation to increase!

New Yorkers just love their own “most admired woman in America,” as well as their new Commie Mayor.

The NWT will have to milk the Gov. Christie story until the Commie Mayor blunders into something news worthy, as Lib news is slow after the Super Bowl.

Maybe an Impeachment trial of Obama would boost the NYT circulation and therefore profits?


13 posted on 02/06/2014 9:16:34 PM PST by Graewoulf (Democrats' Obamacare Socialist Health Insur. Tax violates U.S. Constitution AND Anti-Trust Law.)
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To: gooblah
All the news that's fit for birdcages and puppy litter.
14 posted on 02/06/2014 9:16:35 PM PST by SamAdams76
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To: minnesota_bound; abb

They are probably losing money hand over foot, if it wasn’t for infusions of cash by that Mexican billionaire and others who knows what it would be now? Back to thrice weekly like it once was?


15 posted on 02/06/2014 9:17:54 PM PST by GeronL (Vote for Conservatives not for Republicans!)
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To: gooblah
Too bad. I would love to see Pinch on the corner begging for a handout.
16 posted on 02/06/2014 9:19:13 PM PST by Fungi
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To: faithhopecharity

bright writers??


17 posted on 02/06/2014 9:19:28 PM PST by GeronL (Vote for Conservatives not for Republicans!)
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To: gooblah

It doesn’t matter if they fail, Obama will bail them out with taxpayer dollars. Forever.


18 posted on 02/06/2014 9:23:05 PM PST by ecomcon
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To: gooblah

I just want to know how much longer the Slimes can loose these percentages of their business and still stay in business. I am counting on drinking a good glass of wine when they file bankruptcy.


19 posted on 02/06/2014 9:40:04 PM PST by vette6387
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To: GeronL

You have to wonder....billionaires aren’t that keen on non-profit or profit-eating schemes. What does he get in return? Feds don’t investigate some part of his operation?


20 posted on 02/06/2014 9:41:41 PM PST by pepsionice
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To: gooblah

Some conservative talk show hosts have more subscribers than the NYT has.


21 posted on 02/06/2014 9:42:06 PM PST by theBuckwheat
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To: pepsionice

he is a crony capitalist to the nth degree so who knows what he had/has in mind


22 posted on 02/06/2014 9:49:01 PM PST by GeronL (Vote for Conservatives not for Republicans!)
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To: GeronL

Yes they had some good writers when we read the paper. Don’t know about that since we quit.


23 posted on 02/06/2014 9:54:28 PM PST by faithhopecharity (C?d)
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To: gooblah

Ha ha ha. Ha ha ha. Ha ha ha.......


24 posted on 02/06/2014 10:03:48 PM PST by SendShaqtoIraq (Teresa Davis)
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To: gooblah

And yet, the Times could immediately, and nearly-instantaneously turn it all around by the simple expedient of writing honest, conservative news stories that reflected actual journalism and investigation of the failed policies of the Left. Their ideology is so important to them that they’re willing to literally die to sustain it.


25 posted on 02/06/2014 10:44:30 PM PST by Little Pig (Vi Veri Veniversum Vivus Vici.)
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To: pepsionice

It could be a status thing or it could be the fact that being an owner gives him a bully pulpit to espouse his views periodically and know that his POV will be read by millions of readers.

For something like that, it wouldn’t need to make money as long as it wasn’t costing him a lot of money.


26 posted on 02/06/2014 10:50:39 PM PST by Jonty30 (What Islam and secularism have in common is that they are both death cults)
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To: gooblah

The NYT is on a mission.....to fail.


27 posted on 02/06/2014 10:51:31 PM PST by windsorknot (>>>)
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To: gooblah

28 posted on 02/06/2014 10:59:45 PM PST by dead (I've got my eye out for Mullah Omar.)
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To: gooblah
Luckily, they have a Nobel Economics Prize winner right on staff!

Paul Krugman can explain to them that the way out of this mess is to borrow much more money and spend it frivolously.

29 posted on 02/06/2014 11:02:03 PM PST by dead (I've got my eye out for Mullah Omar.)
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To: AlexW

Oh don’t worry about the Slimes’ losses. They aren’t worried because OBamma still has three years. Plenty of time left to bail them and all their Marxist crony media friends out when he nationalizes them and attaches them to PBS, expanding that budget by 3000%, all by executive order, and ‘it’s for the chilren’. He’s got a pen, donchya you know. ‘Don’t doubt me.’


30 posted on 02/07/2014 12:46:50 AM PST by ri4dc (Cut your cable. Buy more ammo. 'This war is lost!' The worst is yet to come.)
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To: gooblah

Looks like they’ll have to lay off some employees to stay afloat. But hey, according to the NY times, losing your job is a good thing because now those who get laid off will have the option not to work and qualify for obamacare subsidies! How lucky can they get?


31 posted on 02/07/2014 1:08:51 AM PST by lowbridge
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To: gooblah

If it wasn’t for online subscriptions and digital ads to camouflage direct injections of cash from domestic and foreign groups, the NYT would probably have gone belly up.


32 posted on 02/07/2014 1:30:35 AM PST by fso301
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To: gooblah

I don’t understand. How can you go wrong with:

Paul Krugman
Thomas Friedman
Maureen Dowd

and Pinch at the helm?


33 posted on 02/07/2014 2:06:58 AM PST by Rocky (The further a society drifts from the truth, the more it will hate those who speak it. George Orwell)
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To: gooblah

See, folks? There IS GOOD NEWS out there!


34 posted on 02/07/2014 3:20:42 AM PST by SoFloFreeper
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To: gooblah

I will never understand why a paper like that wouldn’t pull a “Fox news” marketing strategy. The money that could be made would be astounding for a conservative based newspaper...I’d buy a subscription. But these people won’t bail out, they will fly their craft straight into the ground praising Obama all the way. Left ideology is lunacy as the NY Times is proving every day.


35 posted on 02/07/2014 5:56:50 AM PST by ThePatriotsFlag ("There never was a democracy yet that did not commit suicide." - Thomas Jefferson)
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