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Earnings: NYTCo Q2 Continues Slide; Internet Up 12.8 Percent
http://www.paidcontent.org/ entry/ 419-earnings-nyt-q2-revs-down-6-percent-income-...
Earnings: NYTCo Q2 Continues Slide; Internet Up 12.8 Percent By Joseph Weisenthal - Wed 23 Jul 2008 05:50 AM PST Citing the effects of the weak economy, NYTCo (NYSE: NYT) announced Q2 revenue of $741.9 million, a 6 percent year-over-year decline from $788.9 million. Net income on a continuing basis fell 5.5 percent to $20.8 million ($.15 per share) from $22 million ($.15 per share). Ad revenue for the quarter fell 10.6 percent to $454.3 million. Both the top and bottom line numbers came in well below analyst estimates, according to MarketWatch. We'll see if the already-depressed stock gets hit harder.
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Briefs: WRAL, Digg, NYT, TiVo, The Platform
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