Friday, December 26, 2008

For the NY Times Co., a November to Forget

November was a real turkey for The New York Times Co.

Total revenues from continuing operations at the company declined 13.9 percent year-over-year last month, the company just announced. Ad revenue fell 20.9 percent thanks to softness in the automotive, entertainment and financial services categories. (So much for the idea that battered Wall Street firms are actually spending more to reassure their customers).

Ad revenues at the Times Co.'s internet businesses, including nytimes.com, fell 3.8 percent, a far cry from the double-digit growth they were recording in the first half of the year


}}} full story {{{
.

No comments: