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  • New York Times forecasts lower 3rd-qtr earnings (down about 5% in afterhours market)

    09/21/2006 2:25:16 PM PDT · by Grampa Dave · 62 replies · 868+ views
    Yahoo. reuters.com ^ | September 21, 2006 | Staff
    Reuters New York Times forecasts lower 3rd-qtr earnings Thursday September 21, 5:01 pm ET NEW YORK (Reuters) - The New York Times Co. (NYSE:NYT - News) said on Thursday it forecast lower third-quarter earnings than during the same quarter last year because of a "challenging" print advertising market, sending shares down nearly 5 percent in after-hours trading. The publisher of The New York Times newspaper and the Boston Globe forecast earnings of 8 cents to 10 cents per share, compared with 16 cents in the same quarter last year. The forecast includes an estimated charge of 1 cent to 2...