New York Times Co. Cuts '04 Profit Target
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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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Dow Jones & Co. on Wednesday cut its  earnings forecast for the current quarter, citing weakness this  month in key advertising categories at its flagship newspaper,  The Wall Street Journal.
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Dow Jones & Co.  on Wednesday cut its earnings forecast for the current quarter, citing weakness this month in key advertising categories at its flagship newspaper The Wall Street Journal, sending shares down 3 percent.
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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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Morgan Stanley has sold its 7.2 percent stake in The New York Times Company, bringing an end to its campaign to change the media companyâs dual-class share structure.
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The New York Times Co. said on Tuesday that its Internet revenue could grow 30 percent in 2007, and that it is trying to cut costs and is continuing to rebalance its portfolio of properties to deal with a tough media climate.
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THE REGION New York Times Co.'s debt rating was cut one level to BBB, the second-lowest investment grade, by Standard &amp; Poor's, which cited falling advertising sales and the broader newspaper industry decline. The short-term corporate credit and commercial paper ratings for the New York publisher were also lowered, S&amp;P said. Total advertising revenue fell 8.5 percent to $157.3 million ...
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Advanced Marketing Services Inc., which provides customized wholesaling and distribution services for the publishing industry, on Monday slashed earnings expectations for fiscal 2004.
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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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After years of resisting the newsroom cuts that have hit most of the industry, The New York Times will bow to growing financial strain, the executive editor said Thursday.
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The New York Times Co.  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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_ The New York Times Co. plans to sell its building on West 43rd Street in Manhattan to a partnership led by Tishman Speyer Properties, the companies announced Monday.
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The New York Times announced Monday it would stop charging for access to certain articles and archives on its web site, reversing a marketing plan implemented two years ago.
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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, sending shares down nearly 5 percent in   after-hours trading.
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Tribune Co. (TRB.N: Quote, Profile, Research) on Thursday said quarterly profit slumped 32 percent, hurt by costs to reimburse advertisers after a circulation scandal
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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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NEW YORK Time Warner, the largest US media company and owner of America Online, said Wednesday that its third-quarter profit fell 7.8 percent as it set aside money to pay for potential penalties stemming from a government inquiry into its accounting