A Sharp Drop in Profit at NYT

JEREMY W. PETERS reports on the New York Times Company:

https://i0.wp.com/static1.businessinsider.com/image/4c17b50f7f8b9a0a610e0000-400-300/andreessen-used-to-have-a-new-york-times-death-clock-on-his-blog.jpg

The New York Times Company reported a sharp drop in net income in the first quarter as the print advertising market remained stubbornly depressed for newspapers.

The company said net income fell 57.6 percent to $5.4 million, compared with $12.8 million in the quarter a year ago.

Continue reading:

http://www.nytimes.com/2011/04/22/business/media/22times.html?ref=business

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