NYT Profits Down 85 Percent

FIT TO PRINT

Updated Apr. 21, 2017 3:23PM EDT / Published Oct. 25, 2012 4:41PM EDT

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

Southwest Airlines Cuts Service to 4 International Airports

The airline reported losses of $218 million excluding special items in the first quarter, up from $163 million reported a year ago.

Cousin Hopes Josh Duggar Is Experiencing ‘Absolute Torture’

Three years after the former “19 Kids And Counting” star was arrested for child sex abuse materials, his cousin Amy says she still wishes him the worst.

Founding Member of The Moody Blues Dead at 82

The English rocker founded the band in 1964 and was inducted into the Rock and Roll Hall of Fame in 2018.

1st Cargo Ship Exits Baltimore Harbor Since Bridge Collapse

The Balsa 94, one of several large ships trapped for nearly a month, left through a new deep-water channel.

Julia Fox Wants to Shake the ‘Kanye’s Ex-Girlfriend’ Label

“I have such a sour taste in my mouth about dating anyone in this sphere,” Fox said.

White House Uses NYT-Spoofing X Account to Fuel NYT Feud

The Biden White House has found creative ways to get under the Times’ skin, according to a new report.

Beatrice Heard Ex Died Just After Fergie Cancer News: Report

The shocking revelations reportedly came within just three weeks of one another.

ByteDance Won’t Sell TikTok to Protect Its Algorithm: Report

Sources said that if the company’s legal challenges fail, ByteDance would be willing to call it a loss.

NYT Profits Down 85 Percent