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Home Front: Culture Wars |
N.Y. Times Earnings Plunge |
2006-01-24 |
Schadenfreude and Denial - what a combo! The New York Times Co. said Tuesday its fourth-quarter earnings fell 41 percent from the same period a year ago, weighed down by charges for staff reductions and an accounting change. nothing to see here....has nothing to do with distaste for their BS..uh huh The Times, which also publishes The Boston Globe and the International Herald Tribune, earned $64.8 million or 45 cents per share in the three months ending in December, compared to $110.2 million or 75 cents per share a year ago. The earnings included a charge of 19 cents per share for staff reductions and an accounting charge of 4 cents per share. The earnings came in above guidance the Times gave in December, which the company attributed to stronger-than-expected growth of 8 percent in advertising at its flagship newspaper for the quarter. so who's left? MoDo, Pinch, Liar Krugman, and.....? However, advertising revenues fell 3.8 percent at the Globe and other New England products in the quarter, which the company attributed to sluggish demand for auto, home furnishing and other ad categories as well as consolidation of key advertisers. how about ads not placed = revenue lost? Keep whistling.... Overall revenues rose 3 percent to $931 million in the quarter, or 1.1 percent if the acquisition of the online company About.com is excluded from results.Oooooohhhh - google's worried The Times also said it would raise home delivery rates by 4 percent effective Feb. 6, resulting in new revenues of up to $8 million this year. In the fourth quarter of 2005, revenues from circulation fell 2.3 percent. raise rates - that'll bring in the subscribers and ads. Typical and consistent with their editorial board, I like it! |
Posted by:Frank G |
#6 I'll imbibe to that tonight whilist I fire up my kismet during the kugling. |
Posted by: 6 2006-01-24 17:11 |
#5 I realize that the NYT has come in for a lot of criticism in these and other quarters as of late, and I think it is high time that their great contribution be acknowledged. When you're traveling, or stuck in a dumb meeting, there is nothing quite so entertaining, stimulating, and discrete as a NYT crossword puzzle. |
Posted by: Perfessor 2006-01-24 16:20 |
#4 TW, I would not bet on it that they won't touch it. |
Posted by: twobyfour 2006-01-24 15:54 |
#3 Maybe they can have a pledge drive and offer free NYT mugs... |
Posted by: macofromoc 2006-01-24 15:06 |
#2 I didn't realize they bought About.com. That's been one of my reliable sources of general information -- I hope the NYT busybodies don't mess with it. |
Posted by: trailing wife 2006-01-24 14:11 |
#1 They need to consult the famous economist Paul Krugman. |
Posted by: Matt 2006-01-24 14:08 |