Posted on 11/02/2016 6:35:11 AM PDT by Hojczyk
The New York Times Co reported a 95.7 fall in quarterly profit, hit by restructuring charges related to headcount reductions.
Net profit attributable to the newspaper publisher fell to $406,000, or break-even per share, in the third quarter, from $9.4 million, or 6 cents per share, a year earlier.
Revenue fell to $363.6 million from $367.4 million.
(Excerpt) Read more at dailymail.co.uk ...
Trump will love this
People just don’t have birds in cages like they used to.
‘sniff’
I’m a sucker for happy endings.
Yeaaaaaa!!!
I suspect they only run a profit because they are being supported by ad buyers who do so only for political purposes, to keep the NYT operating.
Much corporate “image” advertising is in the form of political payoffs.
One time charge against restructuring. I wonder how many liberals will complain when the Times pays zero corporate income tax on their $360 million in revenue.
Couldn’t have happened to a slimier paper. Now all they have to do is shut down that rag. Too bad because I heard that 100 years ago it was a good paper.
Looks like this is an annual event to take advantage of tax write offs, or something similar.
Same thing happened last year.
I assume they won’t use these losses to reduce their tax load....
Trump should buy the NY Times.
I suspect they only run a profit because they are being supported by ad buyers who do so only for political purposes, to keep the NYT operating.
Much corporate “image” advertising is in the form of political payoffs.
#################
They should add coupons.
Saudi Arabia stopped sending money :/
People have found other ways to house-train their dogs.
That is certainly a small start in the right direction. Go for the ring, go for 100%!
I’m sure Carlos Slim is happy.
I crack me up.
5.56mm
Dinosaur media deathwatch
Old media. Newspapers everywhere will soon be extinct.
Prophet? The NYT rips off the country to make a profit? How Capitalistic piggish of them.
Dying newspaper even as they slam Trump every day.
No one reads their fiction that passes as “reporting”.
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