Nice. Some bad news for ABC will complete the trifecta.
Can't offer anything on ABC but how about this?
CHICAGO The New York Times Co. reported Thursday that its third-quarter 2006 profit from continuing operations plunged 39.2% on costs related to its job cuts and a loss on its sale of its 50% stake in the Discovery Times Channel. Meanwhile, Belo, publisher of The Dallas Morning News, said net income for the quarter fell to $19.2 million, or 19 cents per share, compared to $22.1 million, or 20 cents per share, during the same period last year. At the New York Times Co., 3Q operating profit was down 48% from the same period in 2005 to $20.5 million on total revenues that slipped 2.4% to $739.6 million. Reflecting a continuing tough advertising environment, total ad revenue was off 4.2% to 465,476. The Times Co. said it earned $14 million, or 10 cents per share, compared with $23.1 milion, or 16 cents per share, in the third quarter of 2005. Charges related to the staff reduction and the cable TV investment loss each reduced per-share price by 3 cents.