The New York Times, like most newspapers, is suffering. Suffering from advertising competition from the likes of Google and Yahoo, but also from their relentless agenda driven journalism that has been so thouroughly exposed by the blogosphere.
I guess Times Select isn’t exactly selling….
N.Y. Times Earnings Plunge on Charges
NEW YORK – The New York Times Co. said Tuesday its fourth-quarter earnings fell 41 percent from the same period a year ago, weighed down by charges for staff reductions and an accounting change. The Times, which also publishes The Boston Globe and the International Herald Tribune, earned $64.8 million or 45 cents per share in the three months ending in December, compared to $110.2 million or 75 cents per share a year ago.