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Despite Circulation Gains, Profit
Falls 21% at New York Times Co.

New York Times, by Ravi Somaiya

Original Article

Posted By:StormCnter, 7/29/2014 1:37:58 PM

Increased investments in digital products and a decline in print advertising weighed on The New York Times Company’s second-quarter earnings, as profit slipped 21 percent. The company on Tuesday reported $55.7 million in adjusted operating profit for the quarter, which excludes some one-time costs. That amounts to 7 cents a share, falling short of the average analyst estimate of 8.5 cents, as compiled by Thomson Reuters. The Times reported $70.7 million in adjusted profit in the second quarter of 2013. The number of digital subscribers, a growth area for the company, increased by 32,000 in the quarter. New products that

Comments:
All together now....awwwwwwwww.

      


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Reply 1 - Posted by: MattMusson, 7/29/2014 1:51:21 PM     (No. 9944829)

In 10 years the NYT will consist of a middle aged female ´editor´ posting on FaceBook.

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Reply 2 - Posted by: ruready?, 7/29/2014 1:59:31 PM     (No. 9944844)

Profit has nothing to do with anything concerning the MSM outlets. They are democratic party mouthpieces abd are funded via kickbacks from government scams.

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R-G6-LC
  


 
Reply 3 - Posted by: eoddad, 7/29/2014 2:03:54 PM     (No. 9944857)

Going the route of the Doo Doo Bird. Extinction.

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Reply 4 - Posted by: Scribelus, 7/29/2014 2:10:59 PM     (No. 9944871)

Still 79% "too much profit".

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Reply 5 - Posted by: Axeman, 7/29/2014 2:18:57 PM     (No. 9944891)

#4, I think the Doo Doo bird is ex-stinked. (bada-boom)
I, too, am surprised there is any profit in the slimes. I can never even read them any more. Some sort of login screen every time I accidentally click on them.

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Reply 6 - Posted by: Ravenhaven, 7/29/2014 2:20:15 PM     (No. 9944894)

Tick-tock.

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Reply 7 - Posted by: seamusm, 7/29/2014 2:23:02 PM     (No. 9944898)

Maybe they can get Carlos Slim to pony up some more wasted millions to buy their sorry carcass.

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R-TA-Wide
  


 
Reply 8 - Posted by: Avanti1, 7/29/2014 3:04:48 PM     (No. 9944966)

Never mentioned in their plans for the future are an emphasis on objective, fact-based reporting.

No wonder they are dying.

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Reply 9 - Posted by: lil dotty, 7/29/2014 3:39:26 PM     (No. 9945027)

Why, bless their heart. What will we do? Somehow we´ll get by. Our birds will be the ones to suffer They´ll get fewer cages cleaned.

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Reply 10 - Posted by: Patchy Groundfog, 7/29/2014 3:48:55 PM     (No. 9945049)

The liberal bible can´t stop the bleeding...but still regard themselves as the authorities on finance both private and public.

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Reply 11 - Posted by: Iraengneer, 7/29/2014 4:07:20 PM     (No. 9945076)

Whatever. But many of our fellow citizens, and our local and regional news outlets, regard the NY Slimes´ take on what the news is, as guidance of what stories to cover and which to ignore, and what sort of slant is the "approved" slant, the group-think of the "in-crowd" and those who would like to be.
Like it or not, the Slimes still has an awful lot of influence. I suspect that if you did a real investigation, you´d find that there are quite a number of "important" people in your town, be it ever so small, who subscribe to it in one form or another. And read it - or at least skim it. And, worse, BELIEVE it!

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