Financial Times Publisher's Earnings Drop
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Pearson PLC, the publisher of the Financial Times newspaper, said Wednesday that its 2004 earnings fell because of weakness in the U.S. dollar and problems at its Penguin book publishing unit.
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Morgan Stanley and Bear Stearns Companies posted a drop in quarterly profits on Wednesday, surprising some investors one day after two other big investment banks reported a rise in earnings.
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Morgan Stanley and Bear Stearns  Companies posted a drop in quarterly profits on Wednesday,  surprising some investors one day after two other big  investment banks reported a rise in earnings.
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Reuters, the news and financial information provider, reported a 4.4-percent drop in core subscription revenue to 528 million pounds (759 million euros, 947 million dollars) during the third quarter compared to the same period last year.
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The New York Times Company said yesterday that its profit for the year would fall short of what it had initially forecast, a casualty of higher costs and of advertising revenue that has
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New York Times Co.  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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Publisher and broadcaster Tribune Co.  TRB.N on Wednesday said third-quarter earnings would lag Wall  Street estimates, hurt by lower-than-expected political  advertising at its television stations.
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Goldman Sachs Group Inc. , the  No. 3 U.S. investment bank, on Tuesday said its third-quarter  earnings fell as trading revenues dropped.
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Newspaper publishers New York Times Co. and EW Scripps Co. on Thursday said the choppy economy could hurt their advertising sales, a day after Dow Jones & Co issued a profit warning due to weak advertising at The Wall Street Journal
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Newspaper and television station owner  Tribune Co. TRB.N on Wednesday said third-quarter earnings  would lag Wall Street estimates because of lower-than-expected  publishing and broadcasting revenue.
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The newspaper publisher and television station operator said fourth-quarter profit dropped 70 percent, hurt by a write-down and less political advertising revenue.
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Europe's main stock markets were falling, as some leading companies posted annual earnings to a poor reception from investors.
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The New York Times Co. NYT.N on   Thursday forecast a sharp fall in third-quarter earnings,   joining a growing group of media companies suffering from a   summer slump in advertising.
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Barnes & Noble Inc. BKS.N, the  leading U.S. bookseller, on Monday said quarterly profit fell  due to higher expenses and soft demand for titles in its  bestseller category.
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Stocks fell on Tuesday after disappointing earnings from Procter & Gamble and U.S. Steel and a Wall Street Journal article that cast doubt on the chances for a Federal Reserve interest rate cut on Wednesday.
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The countryâs largest newspaper publisher said Friday that its fourth-quarter profit dropped because of a decline in broadcasting revenue and weak newspaper ad sales.
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MANCHESTER United yesterday reported lower annual profits of Â£27.9m as it warned future results would be affected by a drop in media revenues.