Skip to comments.New York Times Profit Falls 12%; Print, Digital Revenues Still Falling
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.
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As far as I am concerned, The New Yawk Slimes can fall off of the planet.
Profit is evil so god bless ‘m their living their dream.
Snort, snort, snicker, snicker, bwahahahahahahahaha. Good ridance.
Being as I despise the rat bastards, this is music to my ears.
I guess that a business plan based on reporting “all the news that fits our Marxist agenda” isn’t working out too well.
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.
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
See what happens when you don’t have a comics page? /s
At that rate they should be broke in a couple of years.
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?
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?
It doesn’t matter if they fail, Obama will bail them out with taxpayer dollars. Forever.
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.
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?
Some conservative talk show hosts have more subscribers than the NYT has.
he is a crony capitalist to the nth degree so who knows what he had/has in mind
Yes they had some good writers when we read the paper. Don’t know about that since we quit.
Ha ha ha. Ha ha ha. Ha ha ha.......
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.
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.
The NYT is on a mission.....to fail.
Paul Krugman can explain to them that the way out of this mess is to borrow much more money and spend it frivolously.
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.’
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?
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.
I don’t understand. How can you go wrong with:
and Pinch at the helm?
See, folks? There IS GOOD NEWS out there!
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.