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The New York Times Company Reports a Drop in Profit

While advertising continued to fall, The New York Times Company, which is repositioning itself for a digital age, said circulation revenue rose 6.5 percent in the first quarter.

 

Washington Post Co. reports fourth quarter 2012 loss

Washington Post Reports Fourth Quarter Loss for 2012

The Washington Post Co. reported a fourth quarter 2012 loss of $45.4 million, or $6.57 a share as it took $113 million of charges for goodwill write downs and restructuring, mostly in its Kaplan education subsidiary. A year earlier the company earned $61.7 million or $8.03 a share

 

New York Times Ad Sales Fall

New York Times

New York Times profit tripled in the fourth quarter thanks to one-time items, including the sale of its share in Indeed.com, but the underlying business continued to erode on sharp advertising declines.

 

Washington Post Swings to Profit

Washington Post posted a profit as the company recorded fewer restructuring charges, although revenue was flat as its education division continued to struggle.

 

NY Times misses third-quarter revenue expectations, stock tumbles

New York Times

(Reuters) - The New York Times Co reported worse-than-expected results on Thursday as advertisers cut spending on both print and digital outlets, sending shares down 12 percent.

 

Washington Post Co. second-quarter profit up 13.6 percent

Online ad revenues rose 8 percent at the news division in the second quarter compared with the same period last year, reversing recent declines. But the $2 million increase in online revenues covered only a small part of the $9.9 million decline in print ads.

Senh: That's the probably with the newspaper industry. The increase in online ad revenue offsets only a quarter of the decrease in print.

 

Gannett Posts Higher Profit

Gannet reported a sharply higher profit with a boost from tax gains, while declines in print-advertising revenue eased.

 

Times Co. Shows Loss but Beats Forecast

The New York Times Company reported a $35.6 million loss for the third quarter on falling advertising revenue, but deep cost-cutting and newspaper price increases helped beat projections.

 

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