New York Times posts loss of 25 cents a share (Dinosaur Media DeathWatch™)

Marketwatch.com ^ | October 22, 2009 | John Ittner

[abb]

The New York Times Co. said Thursday that it lost $36 million, or 25 cents a share in the third quarter, compared to a loss of $106 million, or 74 cents a share, in the same period a year ago. Earnings per share from continuing operations, excluding severance and special items, were 16 cents. Revenue fell 17% to $571 million from $687 million. Analysts polled by FactSet Research estimated, on average, a loss of 2 cents a share and sales of $576 million.

[abb]

Thursday morning good news.

[abb]

ping

[abb]

http://www.nytimes.com/2009/10/23/business/media/23times.html?adxnnl=1&partner=yahoofinance&adxnnlx=1256213347-cTEUkEDaOYNqCD/aosI0dw
Times Co. Shows Loss but Beats Forecast

http://www.johntemple.net/2009/10/newspaper-companies-say-they-must-be.html
Newspaper companies say they must be paid for their content online, then I get print subscription for $1.15 a week

http://www.newsday.com/long-island/nassau/newsday-com-moves-to-subscriber-model-1.1539582
Newsday.com moves to subscriber model

http://online.wsj.com/article/SB20001424052748704597704574486242417039358.html
All the News That’s Fit to Subsidize

http://www.futureofcapitalism.com/2009/10/lipsky-on-a-press-subsidy
Lipsky on a Press Subsidy

[Carley]

Not to worry, the taxpayer will soon be subsidizing the likes of the NYSlimes and the Washington comPost.

[relictele]

Impossible! They are bursting at the seams with economic and political experts!

[jimbo123]

Looks like Carlos Slim with be taking over the NYT very soon...

[BilLies]

FTA:
“The New York Times Co. said Thursday that it lost $36 million, or 25 cents a share in the third quarter, compared to a loss of $106 million, or 74 cents a share, in the same period a year ago.”
Doing better than last year, the recession must be over.
Hail the Son of OBama.

[abb]

The only way they’re staying afloat is by cost-cutting (layoffs). Notice how revenues are still shrinking. They can cut only so much.

[dangus]

>> Times Co. Shows Loss but Beats Forecast <<

Huh? They were forecast to lose 2 cents per share, and lost “only” 25 cents per share?

[abb]

http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=115892
FCC Readies Net Neutrality Proposals, Watchdog Warns Of ‘Power Grab’

http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=115859
Media General 3Q Revs Plummet 18%

http://newsosaur.blogspot.com/
RIP, news embargoes

http://seedmagazine.com/content/article/a_writing_revolution/
Nearly universal literacy is a defining characteristic of today’s modern civilization; nearly universal authorship will shape tomorrow’s.

[GeronL]

always good to see the MSM and especially yesterdays news on a shingle losing money

[GeronL]

$12 million a month.... yep, thats sustainable

[GeronL]

If they get bailed out do their top execs have to take a 90% paycut?

[abb]

http://www.broadcastingcable.com/article/365957-FCC_s_McDowell_Baker_to_Give_Partial_Support_on_Net_Neutrality_Notice.php
FCC’s McDowell, Baker to Give Partial Support on Net Neutrality Notice
Republican commissioners will concur on full, transparent process but will dissent on factual, legal basis for proposed rulemaking

http://www.broadcastingcable.com/article/365941-Pro_Net_Neutrality_Senators_Rally_Around_Genachowski_s_Proposal.php
Pro-Net Neutrality Senators Rally Around Genachowski’s Proposal
Sen. Dorgan, ten other senators write chairman, laud codification

http://www.guardian.co.uk/media/organgrinder/2009/oct/22/newspaper-price
How much should a newspaper cost?

http://in.reuters.com/article/worldNews/idINIndia-43353420091022
UK’s BBC defends TV platform for right-wing BNP

http://www.cjr.org/campaign_desk/no_access_no_problem.php
No Access? No Problem!

http://www.nytimes.com/2009/10/21/opinion/21dowd.html
Desperate Times Call for Desperate Measures

http://www.editorsweblog.org/newspaper/2009/10/rusbridgers_mutualized_news.php
Rusbridger’s Mutualized News

http://www.huffingtonpost.com/peter-scheer/with-news-jobs-vanishing_b_329642.html
With news jobs vanishing, why are journalism schools still enrolling students?

[ConservativeMind]

So the NYT lost 12X the amount per share as was predicted?

AWESOME!

[donaldo]

Is Maureen Dowd begging on the streets of Manhatten with a tin cup? If not, I’m upset.

[scgator]

One of the main reasons the government will do everything they can to rescue the SLIMES is that they are part of the US Government’s outlet to control what YOU THINK.

This biggest “mystery” in American history has been solved but somehow most Americans still believe that those people in MSM are telling the truth. The SLIMES was a big part of this BIG LIE, understand this and you are on your way to understanding America today. The BIG LIE is part of America and “they” have it down to fine art.

http://www.youtube.com/watch?v=cwjM2wVwFQs

[abb]

http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1004029497
NYT Co. Narrows Q3 Loss, But Ad Slump Continues

http://tech.yahoo.com/news/ap/20091021/ap_on_hi_te/us_google_ceo_2
Google CEO: Vast Web changes coming within 5 years

http://www.reuters.com/article/internetNews/idUSTRE59L04J20091022
Hulu trying out models to boost revenue: NBC

http://latimesblogs.latimes.com/entertainmentnewsbuzz/2009/10/fcc-may-look-to-redefine-how-it-measures-media-concentration.html
FCC may look to redefine how it measures media concentration

http://tech.yahoo.com/news/afp/20091022/tc_afp/usitinternetmedianewscorpgoogle
Newspaper, Internet titans duel at Web 2.0 Summit

http://www.suntimes.com/news/24-7/1839329,CST-NWS-craigslist22.article
Judge tosses Dart’s suit vs. Craigslist

[Carley]

The letters to the editor of the Slimes are hilarious.

They represent the readers but that doesn’t seem to faze the paper at all. They should be embarrassed but the readers are such useful tools.

[abb]

http://www.dallasnews.com/sharedcontent/dws/dn/education/stories/DN-lisdbloggers_22met.ART.Central.Edition1.4bf7667.html
Blogger feels stifled by Lewisville schools’ revised policy on media access

http://www.scntx.com/articles/2009/10/20/flower_mound_leader/news/31.txt
LISD policy distinguishes bloggers from media

[abb]

http://www.laobserved.com/archive/2009/10/eddy_gets_ahead_of_bad_la.php
Eddy gets ahead of bad LAT numbers

http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1004029500
‘Newsday’ Erecting Paywall on Its Site

[abb]

http://www.thewrap.com/ind-column/neil-stiles-%E2%80%9Ci%E2%80%99m-not-optimistic-about-habit-called-journalism%E2%80%9D-8997
Variety’s Stiles: ‘I’m Not Optimistic About This Habit Called Journalism’

[R W Reactionairy]

While flying cross country a few weeks back, I bought a Sunday NY Times. I had not done so in years, and the difference was stunning.

The Times of old was decidedly liberal, but it had great depth and covered foreign affairs like no other outlet. A lot of hard news even seemed to be reported reasonably objectively.

Now? Pure liberal, and the depth was gone. Pitiful.

[McGavin999]

If they hired illegal aliens to write the paper they could save a bundle on payroll costs. Quick, someone suggest this to Pinch.

[Landru]

"The New York Times Co. said Thursday that it lost $36 million, or 25 cents a share in the third quarter, compared to a loss of $106 million, or 74 cents a share, in the same period a year ago."

Now that is a remarkable improvement.
Cause for celebration, for the Mexican guy up to his pesos anyway.

"The only way they’re staying afloat is by cost-cutting (layoffs). Notice how revenues are still shrinking. They can cut only so much."

Before what?
Please-oh-please...the B-Word? LOL!!!

[Milhous]

The Times of old was decidedly liberal, but it had great depth and covered foreign affairs like no other outlet. A lot of hard news even seemed to be reported reasonably objectively.

Now? Pure liberal, and the depth was gone. Pitiful.

Pityful passing o' pithy full.

[RJL]

The only way they’re staying afloat is by cost-cutting (layoffs).

Yes, the New York Times is balancing their corporate books on the backs of the little guys with mass layoffs.

The NYT of old would mercilessly attack such a corporation!

[MovementConservative]

Revenue fell over $100 mil? Good thing they cut so deeply. If they cut another 100 employees, they might be able to post a small profit one of these quarters.

[SevenofNine]

25 cent a share?

OMGGG that bottom prices ROFL

[abb]

http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1004029591
‘Newsday’ to Listen to Feedback on Paid Model

http://www.minnpost.com/braublog/2009/10/21/12719/why_star_tribune_print_subscribers_cant_read_jim_souhans_vikings_columns_for_free_online
Why Star Tribune print subscribers can’t read Jim Souhan’s Vikings columns for free online

http://gawker.com/5387720/arthur-sulzberger-employee-dedication-and-layoffs-are-moving-nyt-in-right-direction
Arthur Sulzberger: Employee Dedication, and Layoffs, Are Moving NYT in ‘Right Direction’

[abb]

http://www.broadcastingcable.com/article/366012-FCC_Votes_To_Propose_Net_Neutrality_Rules.php
FCC Votes To Propose Net Neutrality Rules
Vote marks beginning of process that will solicit much comment

http://www.broadcastingcable.com/article/366059-McCain_Introduces_Bill_to_Prevent_Net_Neutrality_Rules.php
McCain Introduces Bill to Prevent Net Neutrality Rules
Senator says keeping business free from “oppressive regulations” will help economy

http://www.broadcastingcable.com/article/366057-Congress_Net_Neutrality_Players_Praise_Open_Process_Debate_Principles.php
Congress, Net Neutrality Players Praise Open Process, Debate Principles
Senators Rockefeller, Waxman re-state support, McSlarrow calls for “healthy skepticism”

http://www.broadcastingcable.com/article/366065-Google_Verizon_Find_Common_Ground_on_Net_Neutrality.php
Google, Verizon Find Common Ground on Net Neutrality
“Unlikely bedfellows” both hope for flexibility in new FCC rules