TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

NYT Co. Earnings Way Down, Digital Revenue Also Falling

arrowdown.pngThe outlook continues to be dim as fourth-quarter and year-end results arrive. Via Jeff Bercovici comes word that the NYT Co. results, announced today, are not good (to put it mildly): “Earnings, at 19 cents a share, were down 48 percent year-over-year in the last three months of 2008…The most alarming news is in the details: Digital ad revenues, which grew at a rate of 15 percent in the year-earlier quarter, were down 3.5 percent in Q4 2008.”

Meanwhile Yahoo’s new CEO Carol Bartz held her first earnings call yesterday to announce that the company had had its first quarterly loss since 2002. Per the LAT: “The company reported a net loss of $303 million, or 22 cents a share, compared with a profit of $206 million, or 15 cents, a year earlier. Revenue fell 1% to $1.81 billion. However Bartz did make clear that the company is not for sale: “Everything’s on the table…this is not a company that needs to be pulled apart and left for the chickens.”

Mediabistro Course

Magazine Writing

Magazine WritingStarting September 4, learn how to get your work in top publications! You'll learn how to create captivating stories editors will want and readers will love, understand which magazines are right for your stories, craft compelling pitch letters, and more! You'll leave this class with two polished articles and corresponding pitch letters. Register now!