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N.Y. Times issues first-quarter forecast (DINOSAUR MEDIA EXTINCTION ALERT - NY TIMES PROFIT FALLS)
Marketwatch. com ^
| March 22, 2006
| David B. Wilkerson
Posted on 03/22/2006 6:38:47 AM PST by abb
CHICAGO (MarketWatch) -- New York Times Co. on Wednesday said it expects first-quarter earnings to be in the range of 22 to 24 cents a share, including expenses of 2 to 4 cents a share related to job cuts the company announced last September.
New York Times Co. (NYT) earned 76 cents a share a year earlier, bolstered by a gain totaling 46 cents a share from a sale of company headquarters and another property. New York Times said first-quarter earnings may also be impacted if it is determined that one of its joint venture equity investments has lost value. If so, the company would take a non-cash charge related to that impairment. Companies are required to review the value of their assets on a regular basis.
In February, advertising revenue rose 3.7% to $178.8 million, but was only up 0.6% excluding About.com, the online information provider it acquired last year. Classified revenue was up 4.8%. The company saw real estate ads jump 29.3%, with help wanted ads down 5.1%. Classified automotive ads continued their decline, down 15.3%.
Ad revenue at the New York Times Media Group was up 3.3% on growth in the hotel, international fashion, domestic fashion and corporate categories.
The company was again plagued by ongoing weakness at the New England Media Group, which includes the Boston Globe, where ad revenue dropped 12%.
New York Times shares closed at $25.79 on Tuesday, down 20 cents. End of Story
David B. Wilkerson is a reporter for MarketWatch in Chicago.
TOPICS: Extended News; News/Current Events
KEYWORDS: arthur; arthursulzberger; chairman; janet; janetrobinson; msm; newspapers; ny; nytimes; robinson; sulzberger; times
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$.22-$.24/share vs. $.76/share quarter-on-quarter. $.22-$.24/share vs. $.30/share quarter-on-quarter from continuing operations.
Any way you slice it, they're making less and less money...
1
posted on
03/22/2006 6:38:49 AM PST
by
abb
To: abb
including expenses of 2 to 4 cents a share related to job cuts...Am I to interpret this bit of information that job cuts could double, as indicated by the range of 2 cents up to 4 cents a share?
To: abb
3
posted on
03/22/2006 6:43:05 AM PST
by
Dog Gone
To: abb; Grampa Dave
More good news.
4
posted on
03/22/2006 6:48:03 AM PST
by
george76
(Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
To: abb
The New York Times makes money by selling of its property rather than its "Product?"
5
posted on
03/22/2006 6:58:54 AM PST
by
msnimje
(SAMMY for SANDY --- THAT IS WHAT I CALL A GOOD TRADE!!!)
To: msnimje
The New York Times makes money by selling of its property rather than its "Product?"
It worked for Enron...
6
posted on
03/22/2006 7:04:12 AM PST
by
P-40
(http://www.590klbj.com/forum/index.php?referrerid=1854)
To: abb
Why not just print the truth?
7
posted on
03/22/2006 7:05:14 AM PST
by
ChadGore
(VISUALIZE 62,041,268 Bush fans. We Vote.)
To: abb
chairman Arthur Sulzberger Jr. and CEO Janet Robinson both received hefty bonuses despite meeting less than 60% of the company's earnings target for 2005.
Mr. Sulzberger received $1.6 million in total compensation last year. Ms. Robinson received $1.4 million.
8
posted on
03/22/2006 7:24:07 AM PST
by
george76
(Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
To: abb
Die old grey whore... DIE! I hate the nyt... can you tell? ;-)
LLS
9
posted on
03/22/2006 7:24:58 AM PST
by
LibLieSlayer
(Preserve America... kill terrorists... destroy dims!)
To: george76
Mr. Sulzberger received $1.6 million in total compensation last year. Ms. Robinson received $1.4 million.Gee, I thought libs weren't in favor of compensation like that.
Do as we say, not as we do, I guess.
10
posted on
03/22/2006 7:30:02 AM PST
by
mewzilla
(Property must be secured or liberty cannot exist. John Adams)
To: mewzilla
The libs love to get your money.
They say the politically correct stuff, but they never believe nor practice their PC agenda.
11
posted on
03/22/2006 7:34:53 AM PST
by
george76
(Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
To: Dog Gone
At its current rate of implosion, NYT stock will fall below $20 before the end of 2006.
To: pabianice
"meeting less than 60% of the company's earnings target for 2005..."
13
posted on
03/22/2006 7:38:39 AM PST
by
george76
(Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
To: abb; george76; Liz; martin_fierro; Interesting Times; Miss Marple
The good news for America continues as the Ny Slimes, aka, an Enron of the fishwraps continues to lose stock value. As I post this, NYT is at $25.29/ share which is -50 cents per share or -1.8-94%. Below is today's good news chart for the Enroning NY Slimes compare to SPY/S&P 500:
14
posted on
03/22/2006 7:45:46 AM PST
by
Grampa Dave
(How long has the NY Slimes, Compost, and LA Slimes been Enroning (cooking) their books?)
To: Grampa Dave

Ping....ping....ping
15
posted on
03/22/2006 7:47:37 AM PST
by
BIGLOOK
(Order of Battle: Sink or capture as Prize, MS Media)
To: BIGLOOK
I love it. This is what happens to any business owned by the lefties when they go hard to the port or to the left.
16
posted on
03/22/2006 7:49:44 AM PST
by
Grampa Dave
(How long has the NY Slimes, Compost, and LA Slimes been Enroning (cooking) their books?)
To: Grampa Dave
Note, too, Dave, the unresolved "impairment" yet to be booked.....
17
posted on
03/22/2006 7:51:27 AM PST
by
abb
(Because News Reporting is too important to be left to the Journalists.)
To: Grampa Dave
In a related report...
18
posted on
03/22/2006 7:53:30 AM PST
by
george76
(Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
To: abb
Last six months insider transactions
3,400 shares purchased
90,852 shares sold
19
posted on
03/22/2006 7:53:43 AM PST
by
Crawdad
(So the guy says to the doctor, "It hurts when I do this.")
To: ChadGore
Why not just print the truth? Chad, that's a good one.
The NYT and its fellow-traveling accomplices in the print media are on a mission. Their goal is to inform us daily of good and wonderful and important left wing people, places and things that are so perfect that they won't print even genuine bad news about them (lest we get the idea that they are not perfect).
And their other constant mission is to let us know about terrible things about people and places that they hate (America, heterosexuality, family, U.S. military, you get the idea). These are so horrible, that only negative pictures and stories may be printed, lest any reader gets the wrong idea about how hateful these people, places, and things are.
Curiously, it never, ever occurs to the folks in Hillary's media "plantation" that if they constantly have to torture the news to promote the PC message, that they might be wrong.
.
20
posted on
03/22/2006 8:25:13 AM PST
by
Seaplaner
(Never give in. Never give in. Never...except to convictions of honour and good sense. W. Churchill)
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