New York Times' Worsening Slide
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Advertising revenue was down by 8.5% in May; it has to find a way to stop the declines.
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The New York Times Co will eliminate 100 newsroom jobs, the company confirmed on Thursday, as it girds for a weaker economy and an overall decline in print advertising and circulation revenue.
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The Wall Street Journal, whose parent Dow Jones & Co. is the target of a $5 billion takeover offer by News Corp., is set to shake up its newsroom by reassigning and replacing several top editors, the New York Times reported on its Web site.
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NEW YORK -- The New York Times Co. , the third-largest US newspaper publisher, said 2004 profit will fall below its forecast, and third-quarter earnings will be less than analysts' estimates. The shares fell to their lowest level in more than two years.
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Uncover financial insights for your business daily with The New York Times - the authority on market trend news and analysis. Now delivered to your home or business starting at $2.40/wk.
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Two weeks ago Reuters released an article suggesting that the PC industry was on the decline. The story referenced a report from technology research company Gartner, which had previously
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New York Times Co. NYT.N on Monday  forecast third-quarter and full-year earnings below Wall  Street's average estimates on lower-than-expected revenue so  far in September, sending its shares to two-year lows.
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The Wall Street Journal, whose parent Dow Jones & Co. is the target of a $5 billion takeover offer by News Corp., is set to shake up its newsroom by reassigning and replacing several top editors, the New York Times reported in its online edition.
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The "New York Times" drops TimesSelect, recognizing a mistake that only got worse as ad spending trends continued to shift.
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The New York Times Co. and Richmond's Media General reported disappointing fourth-quarter and full-year 2007 earnings yesterday, exacerbating conditions that have brewed shareholder revolts at both companies.
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The New York Times Co.  said on  Tuesday that it expects its Internet-related businesses to  generate about $270 million in revenue in 2006.
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The New York Times Co. said November advertising revenue declined 3.8 percent. Total company revenue, excluding TV stations up for sale, declined 1.7 percent to $278.5 million, the publisher said. The drop reflects the industry's continued loss of advertisers to other media. Ad sales at the New England Media Group, led by The Boston Globe, slid 11 percent to $36 ...
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New York Times' unwillingness to provide yearly guidance is a troubling sign.
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The New York Times Co. NYT.N said on   Thursday it forecast lower third-quarter earnings than during   the same quarter last year because of a "challenging" print   advertising market.
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In a sign that the New York Times Co.  may be trying to appease investors who have criticized it, the newspaper publisher invited Morgan Stanley money manager Hassan Elmasry and another large shareholder, T. Rowe Price Group Inc., to make presentations to its board of directors late last month, The Wall Street Journal reported.
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Amid gloomy Wall Street forecasts about the industry's gradual demise, TIME asked insiders to forecast the long-term fate of newspapers
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New York Times Co. on Wednesday  reported fourth-quarter loss, hurt by depressed advertising and  a big write-down of its New England media business.