December 5, 2007
NYT Co. Expects Revenue Growth, Less Capital Spending
By Matthew L. Brown
The New York Times Co., parent of the Worcester Telegram & Gazette and Boston Globe, said it expects to report revenue growth between 1 percent and 2 percent for November.
Staff reductions will cost the company between $14 million and $16 million in the fourth quarter.
The company will release November revenue figures in mid-December.
In 2008, the company said it plans capital expenditures between $150 million and $175 million compared to capital expenditures between $360 million and $380 million this year. The company moved into its new Manhattan headquarters last month.
Staff reductions will cost the company between $14 million and $16 million in the fourth quarter.
The company will release November revenue figures in mid-December.
In 2008, the company said it plans capital expenditures between $150 million and $175 million compared to capital expenditures between $360 million and $380 million this year. The company moved into its new Manhattan headquarters last month.
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