NYT Co. reports better-than-expected 1Q earnings
The Times earned $12.8 million, or 8 cents per share, in the first quarter. That compares with a loss of $74.5 million, or 52 cents per share, in the same period in 2009. Advertising revenue fell 6.1 percent, the smallest decline in more than a year. Overall revenue fell 3.2 percent to $588 million. || Read NYT's story and the company's release.
> McClatchy reports 3 cents a share profit in 1Q | Release