NYT Profits Down 85 Percent

FIT TO PRINT

Updated Apr. 21, 2017 3:23PM EDT / Published Oct. 25, 2012 4:41PM EDT

The New York Times Company, embattled in labor strife and controversy surrounding its new CEO, Mark Thompson, reported disappointing earnings this morning. Analysts expected profits of 8 cents a share, but profits came in at 2 cents a share, some $2.28 million, while revenue came down slightly to $449 million. Digital subscriptions rose 11 percent from last quarter to 592,000, bringing revenue from circulation (as opposed to advertising) up 7.4 percent, some $234 million.

Read it at Wall Street Journal

R.F.K. Jr.’s Old Environmental Pals Tell Him to Get Lost

“His actions are a betrayal to our environment,” the candidate’s former mentor said of him.

Iconic Hotel From ‘The Shining’ Goes Up in Flames

Crews responded late Thursday night to an attic fire at the famous Oregon lodge.

John Cleese Cancels His Own Cancel Culture Show

The “Monty Python” star has stalled the show for three years.

Susan Sarandon Joins Protesters at Columbia University

“Especially in a place of education, and supposedly higher thought, to be attacked with racism and intolerance is not acceptable,” the actress said.

New Deets Surface on Barbara Walters and Diane Sawyer’s Beef

Despite the two being bitter rivals, Sawyer also conceded, “We spent a lot of time laughing and forging a real friendship.”

Stock Slips After Netflix Stops Sharing Subscriber Numbers

Despite a strong first quarter, investors were seemingly rattled by the company’s decision to stop reporting their favorite metric.

A D.C. ‘Skinny’ Home Is Listed for $600K—It’s 6 Feet Wide

A change in zoning laws forced the owners to put their building plans on a serious diet.

Ethics Panel Wants to Know if Gaetz Got High at Parties: ABC

The House committee has reportedly obtained a woman’s statement claiming the Republican attended an event where drugs were present.

NYT Profits Down 85 Percent