Posted on 10/31/2014 1:43:43 PM PDT by jimbo123
The New York Times Company said on Thursday that its third-quarter revenue increased by less than 1 percent from a year ago, as growth in its digital business offset declines in print circulation and advertising.
The Times planned to spur revenue growth in 2014 with the introduction of several new digital subscription products, but those products have not caught on as the company had hoped. Total revenue during the third quarter increased 0.8 percent to $365 million, compared with $362 million in the same period last year.
In a call with investors, the company’s chief executive, Mark Thompson, said that the new products reflected a desire to be “unashamedly experimental and willing to adapt.” Its chief financial officer, James M. Follo, said that the company was “still in the early stages of a multiyear transformation.”
The company posted a third-quarter operating loss of $9 million, compared with an operating profit of $12.9 million in the same period of 2013.
(Excerpt) Read more at nytimes.com ...
Dinosaur Media Death WatchTM
Awe............. Happy to hear that
Carlos Slim is down to 49.8 billion!
They want to be experimental? lol, that usually loses a lot of money.
” In a call with investors, the company’s chief executive, Mark Thompson, said that the new products reflected a desire to be “unashamedly experimental and willing to adapt.” Its chief financial officer, James M. Follo, said that the company was “still in the early stages of a multiyear transformation.” “
Translation: “ We need to borrow another $250 million from Carlos Slim”
Dear NY Slimes,
Just “Look at the flowers”.
Hooray!!!
” In a call with investors, the company’s chief executive, Mark Thompson, said that the new products reflected a desire to be “unashamedly experimental and willing to adapt.” Its chief financial officer, James M. Follo, said that the company was “still in the early stages of a multiyear transformation.” “
...
When it comes to technology and innovation these days multiple years is an eternity.
It will be eternity for THEM.
LOL
Only one choice to fix that for the Slimes... increase the price of the paper. Clearly, the remaining customers won't mind covering the costs for those that leave the fray...
Looks like they are outsourcing their journalists. That should save some money!
“My heart bleeds. The sooner Pinch is on the street corner begging for donations, the happier I will be. “
He is even higher on my list of people I want to see go under than is Obola!
Perhaps they could experiment with adding titanium handles to carbon/glass fiber. Now THERE is a buggy whip plan that would stop the advancement of the automobile!
How does a company lose billions and stay in business? The press must be being paid by the feds.
Who says there’s no good news!!!
It is a good start. I wonder when investors will start to flee some of these media companies?
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