Thursday, October 19, 2006

NTY profits continue to plunge

"a continuing tough advertising environment" : Continued seditious behavior can make for a "tough advertising environment". The universe of pro-terrorist advertisers willing to be associated with the New York Slimes is not likely to rise anytime soon. My own personal goal is to see Pinchy Boy and his band of merry Bolsheviks living in cardboard boxes under the Triborough bridge within 10 years ;->

Editor and Publisher
The New York Times Co. reported Thursday that its third-quarter 2006 profit from continuing operations plunged 39.2% on costs related to its job cuts and a loss on its sale of its 50% stake in the Discovery Times Channel...

...At the New York Times Co., 3Q operating profit was down 48% from the same period in 2005 to $20.5 million on total revenues that slipped 2.4% to $739.6 million.

Reflecting a continuing tough advertising environment, total ad revenue was off 4.2% to 465,476.

The Times Co. said it earned $14 million, or 10 cents per share, compared with $23.1 milion, or 16 cents per share, in the third quarter of 2005...

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