New York Times makes bloggers’ day with drop in Q2 earnings
July 23rd, 2009
The New York Times Company’s cost-cutting efforts and higher newsstand prices have paid off, but the company has a long way to go to get itself out of financial trouble. Second-quarter profit clocked in at $23.3 million after factoring in employee severence and pension packages, plus (or actually, minus) depreciation and amortization of its assets, which include the new office building just outside Times…
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