New York Times Presents Quarter Earnings for 2009
Despite ending the year on a slightly better note than the previous one, The New York Times Co. traded down 6.4 percent this morning after releasing its fourth quarter earnings. Advertising sales “remains challenging” said Co. Chief Executive Officer Janet Robinson, speaking to the 20 percent decline in print ads. Yet despite revenue falling 11 percent from the previous year, overall the Times has done marginally better than in 2008, with net income growing from 19 cents to 61 cents a share from a year-to-year analysis. The third quarter earnings, released in October, showed a similar trend.
Read More:
New York Times Falls After Reporting Fourth-Quarter Ad Decline — BusinessWeek
Previously: New York Times Co. Reports Ad Revenue Down, Circ Revenue Up In Q3
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