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The NYTimes is actually profitable again.
by kingkawn 15y ago
The NYTimes is actually profitable again.
- nhebb 15y agoThat's not what their 2nd quarter earnings report [1] said. They had an operating loss of $114 million. They took a special write down of $161 million for goodwill, but the revenues had decreased 2 percent. They predicted an improved 3rd quarter, but until it comes to fruition I think it's too early to say that they've turned the corner. [1] http://phx.corporate-ir.net/phoenix.zhtml?c=105317&p=irol-newsArticle&ID=1587623 http://phx.corporate-ir.net/phoenix.zhtml?c=105317&p=iro...
- kingkawn 15y agoNew York Magazine looked at the same stuff and saw hope: http://nymag.com/news/media/new-york-times-2011-8/ http://nymag.com/news/media/new-york-times-2011-8/