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January 24, 2006

New York Times Earnings Fall 41% From Last Year

Actually, the Times itself is doing better than anticipated. Its other properties -- like the Boston Globe -- are faring rather badly.

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.
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.

Craigslist really is destroying the newspaper industry.

Hallalujah, the birds are in flight.

posted by Ace at 01:55 PM

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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. Craigslist really is destroying the newspaper industry. Hallalujah, the birds are in flight. posted by Ace at 01:55 PM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments forced Sex Tube: "For example, persons with a intercourse and enjoy ..." 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