Jump to content
Advertise With Us! Or Sign Up To Remove Ads!

Archived

This topic is now archived and is closed to further replies.

Ukshep

New York Times reports 95.7 percent fall in quarterly profit

Recommended Posts

 Ukshep    20,171

I guess it is game over for these media agents! no one wants them anymore. Bye bye!

The New York Times Co reported a 95.7 fall in quarterly profit, hit by restructuring charges related to headcount reductions.

Net profit attributable to the newspaper publisher fell to $406,000, or break-even per share, in the third quarter, from $9.4 million, or 6 cents per share, a year earlier.

Revenue fell to $363.6 million from $367.4 million.

The company, struggling to transition to digital, said online ad revenues grew 21.5 percent and now account for more than 35 percent of its advertising receipts.

http://www.dailymail.co.uk/news/article-3897406/New-York-Times-reports-95-7-percent-fall-quarterly-profit.html

Share this post


Link to post
Share on other sites

×