Browse > Home / Editors' pick, Newspapers / Blog article: FT: NY Times losses further highlight decline for print

FT: NY Times losses further highlight decline for print

April 18th, 2008Posted by in Editors' pick, Newspapers

A near ten per cent drop in print advertising revenue has caused the New York Times Co to register a loss in the first quarter – further highlighting the continued sharp decline of the US print newspaper industry.

The Times lost $350,000, or less than 1 cent per share, after recording a profit of $23.9m, or 17 cents per share, during the same period a year earlier – the FT said.

The company attributed the losses to a slowing economy compounding the overall struggle the newspaper industry is having as readers and advertisers migrate to the internet.

Similar posts:

© Mousetrap Media Ltd. Theme: modified version of Statement