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(Image from article: "New York Times Posts Profit On Cost-Cutting, Improving Ad Market")

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China's Baidu sees profits surge

Chinese search engine Baidu reports an 80% surge in profits for the third quarter, boosted by increased advertising sales.

 

New York Times Posts Profit On Cost-Cutting, Improving Ad Market

New York Times Posts Profit On Cost-Cutting, Improving Ad Market

The New York Times Co. said Wednesday that its fourth-quarter earnings more than tripled, helped by cost cutting, an improving ad market and lower pension costs.

The publisher of The New York Times, The Boston Globe, the International Herald Tribune and 15 other daily newspapers had its smallest ad revenue decline in a year. Ad revenue dropped 14.7 percent in the fourth quarter from the same period of 2008, compared with a 26.9 percent year-over-year decline during the third quarter.

 

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