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NY Times to roll out new products in search of revenue [ 11.2 percent drop in ad revenue ]
reuters ^ | April 25 ,2013 | reuters

Posted on 04/25/2013 11:44:47 AM PDT by NoLibZone

New York Times Co reported a decline in quarterly revenue on weak advertising sales but said it would try to grow out of the slump by expanding its suite of digital products.

The 11.2 percent drop in advertising revenue in the first quarter underscores the pressure that the New York Times faces to increase its subscription revenue, especially for its digital products, and find new veins of income.

(Excerpt) Read more at reuters.com ...


TOPICS: Crime/Corruption; US: New York
KEYWORDS: fnyc; liberalmedia; newyorktimes; nyt; nytimes

1 posted on 04/25/2013 11:44:47 AM PDT by NoLibZone
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To: NoLibZone

So?

They don’t need profits. Profits are evil.


2 posted on 04/25/2013 11:47:28 AM PDT by Tzimisce (The American Revolution began when the British attempted to disarm the Colonists.)
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To: NoLibZone

They have a future in bird cage liners and toilet paper.


3 posted on 04/25/2013 11:47:40 AM PDT by Howie66 (Molon Labe, Traitors!)
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To: NoLibZone

Perhaps they should try advancing God, country, patriotism instead of pushing godless Marxist/socialist totalitarianism, Islamofascism and treason!!


4 posted on 04/25/2013 11:48:18 AM PDT by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: NoLibZone

I don’t hold out much hope for the Paul Krugman Daily Affirmations App...


5 posted on 04/25/2013 11:51:19 AM PDT by Buckeye McFrog
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To: NoLibZone

Try reporting on what’s going on instead of just making up the news and pushing the Commie agenda.


6 posted on 04/25/2013 11:51:58 AM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: Buckeye McFrog

“I don’t hold out much hope for the Paul Krugman Daily Affirmations App...”

Bwaa-Haa-Haa! :)


7 posted on 04/25/2013 11:55:28 AM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: 04-Bravo; aimhigh; andyandval; Arizona Carolyn; Bahbah; bert; bilhosty; Caipirabob; carmenbmw; ...

Ping. The numbers here.

http://finance.yahoo.com/news/york-times-company-reports-2013-123000911.html

The New York Times Company (NYT) announced today first-quarter 2013 diluted earnings per share from continuing operations of $.02 compared with $.06 in the same period of 2012. Excluding severance and the 2012 special items discussed below, diluted earnings per share from continuing operations were $.04 in the first quarter of 2013 compared with $.05 in the first quarter of 2012.


8 posted on 04/25/2013 11:55:58 AM PDT by abb
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To: NoLibZone
NY Times to roll out new products in search of revenue

Frozen burritos seem to be an increasingly popular item. They should consider those.

9 posted on 04/25/2013 11:57:52 AM PDT by PGR88
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To: PGR88
I was thinking they could sell those big pretzels I see street vendors handing out in NYC...
10 posted on 04/25/2013 12:01:28 PM PDT by Eric in the Ozarks (NRA Life Member)
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To: catnipman
Try reporting on what’s going on instead of just making up the news and pushing the Commie agenda.

Since they will never do that, I will smile when they go out of business.

11 posted on 04/25/2013 12:06:14 PM PDT by Mark17 (My body is in California, but my heart is in the Philippines)
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To: NoLibZone
NY Times to roll out new products ...
Like what, the truth?
12 posted on 04/25/2013 12:10:55 PM PDT by oh8eleven (RVN '67-'68)
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To: NoLibZone

My local paper, The Tallahassee Democrat, has several times run surveys to see what the great unwashed populace wanted. Then they ran each question and suggestion with an explanation of why the people where wrong and how they weren’t going to change anything. They asked the question. The answer was, we want a more balanced paper. Get rid of Doonesbury. Essentially, they said no.

They have several times started delivering it free. They do this when they have big advertising like for Thanksgiving. I called to make them stop it as I wasn’t home and nothing says rob-me like having several old papers at the end of the drive. I was told that it was free and they couldn’t stop delivery. Imagine. You can’t make them stop dropping it off for free. How desperate are they to get that circulation number up?


13 posted on 04/25/2013 12:11:47 PM PDT by Gen.Blather
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To: abb; All
FYI..NYT just announced that is expects to sell the Boston Globe before the end of this year.

That's really gonna hurt...they've written it down from the $1 billion plus they paid, but not all the way down. They'll get a pittance, plus they will likely have to guarantee pensions and medical cost for most employees.

That's like stopping a migraine by cutting off your head.

14 posted on 04/25/2013 12:16:37 PM PDT by ken5050 (My tagline has mysteriously vanished...)
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To: Gen.Blather

Call the cops. See if you can get them cited for littering.


15 posted on 04/25/2013 12:20:54 PM PDT by abb
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To: abb
Did you see this Politico story from 2 days ago: Turbulence at the Times"

Seems that the natives in the newsroom are restless...the long knives are out for Jill Abramson..a new front in tghe "war on women?"

16 posted on 04/25/2013 12:21:05 PM PDT by ken5050 (My tagline has mysteriously vanished...)
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To: ken5050

Both Abramson and Baquet are affirmative action hires. They deserve one another.


17 posted on 04/25/2013 12:22:57 PM PDT by abb
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To: Gen.Blather
File a complaint for littering on your property and have them cited, and fined.
Just put up a small "no littering, no postings" sign first.
The 1st Amendment gives media no right to violate your property.
18 posted on 04/25/2013 12:28:17 PM PDT by MaxMax
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To: abb; NoLibZone

We're going to come up with some exciting new digital products to offset our tumbling revenues ... and we're going to give you some details just as soon as we can figure out what the new products are ... so don't sell your stock in our rag and make our family fortune any smaller ... please!

19 posted on 04/25/2013 12:28:33 PM PDT by Zakeet (If idiots could fly, Washington would be an airport)
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To: NoLibZone

I like the Krugman doll. Ask it a question, pull a string and it says “The Answer is Carbon Tax”.

“How can I woo my true love?”

“The answer is a carbon tax.”


20 posted on 04/25/2013 12:31:10 PM PDT by DManA
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To: Zakeet
NYT 10yr chart.


21 posted on 04/25/2013 12:36:15 PM PDT by abb
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To: abb; weegee

22 posted on 04/25/2013 12:39:50 PM PDT by martin_fierro (< |:)~)
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To: martin_fierro

23 posted on 04/25/2013 12:44:52 PM PDT by abb
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To: NoLibZone

88.8% to go.


24 posted on 04/25/2013 12:54:06 PM PDT by UnbelievingScumOnTheOtherSide (REPEAL WASHINGTON! -- Islam Delenda Est! -- I Want Constantinople Back. -- Rumble thee forth.)
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To: NoLibZone
find new veins of income.

The DNC owes them. Never get into an argument with someone that buys their ink with an EBT card.

25 posted on 04/25/2013 1:12:56 PM PDT by Reeses
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To: catnipman

All the opinions and lies that are fit to pretend is news.


26 posted on 04/25/2013 1:46:53 PM PDT by matt04
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To: NoLibZone
Hey Pinch! You wanna save the Old Gray Whore? How about some honest journalism, and way less editorializing?

I crack me up.

5.56mm

27 posted on 04/25/2013 1:55:26 PM PDT by M Kehoe
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To: NoLibZone
I am astonished that the NYT has not figured it out: (1) raise rates by 50% across the board; (2) reduce all salaries of all employees making above $100,000 to $100,000 a year and raise all under that amount to that amount (everyone gets equal pay); (3) ask Gov. Cuomo for a $500 million one time gift to the NYT.

If this does not work, I suggest bankruptcy and liquidation.

28 posted on 04/25/2013 4:48:50 PM PDT by MasterGunner01
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To: NoLibZone
The company plans to roll out a line of lower-priced products - including an expansion into e-commerce and games - to attract more readers around the world. "We want to deepen our relationship with our existing loyal customers, but we also want to use a wider family of New York Times products to reach new customers both here and around the world," Chief Executive Officer Mark Thompson said in a statement.

That's why they're failing - it's a vanity publication... never a good idea to let the monkey's run the zoo.

29 posted on 04/25/2013 9:20:10 PM PDT by GOPJ (The screed of so-called journalists: 'If it doesn't fit, you must omit.' - - freeper Vigilanteman)
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