The New York Times Company, embattled in labor strife and controversy surrounding its new CEO, Mark Thompson, reported disappointing earnings this morning. Analysts expected profits of 8 cents a share, but profits came in at 2 cents a share, some $2.28 million, while revenue came down slightly to $449 million. Digital subscriptions rose 11 percent from last quarter to 592,000, bringing revenue from circulation (as opposed to advertising) up 7.4 percent, some $234 million.
Read it at Wall Street Journal
