The New York Times reported an annual profit of $19.9 million Wednesday, after suffering a $58 million loss in 2008. Does this signal new life in the advertising market for newspapers? It depends. The Guardian calls the report "the latest indication of a tentative improvement in the fortunes of the badly battered global newspaper industry." On the other hand, news that that advertising sales continue to slump sent the company's share into a 9 percent slump Wednesday afternoon. The venerable publisher, which had major layoffs last year, is trying, so far unsuccessfully, to unload its partial ownership of the Boston Red Sox.
TOP 10 RIGHT NOW