Thursday, April 23, 2009

New York Times holds course in 'brutal' conditions

The financial crisis and recession have had "brutal effects on all of us in the media business," Sulzberger told investors from a podium in an auditorium at its headquarters in New York City, his top executives seated nearby with grim faces.

"The New York Times Company is no exception," he said. "Business will continue to be difficult."

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