July 25, 2007
NYT's New England group continues struggle
By Matthew L. Brown
Boosted by the sale of radio and television stations, the New York Times Co.'s second quarter revenue jumped to $118.4 million from $59.6 million during the same period a year ago.
But the company's New England Media Group, which includes the Worcester Telegram and Gazette, saw its advertising revenue fall by 7.6 percent to $100.3 million and its circulation revenue fall by 2.4 percent to $39.2 million, according to the company.
The company's operating profit decreased 49.8 percent to $43.3 million from $86.2 million, the company said.
Total News Media Group revenues decreased 4.5 percent to $764.2 million from $800.2 million. Advertising revenues decreased 6.9 percent due to weakness in print advertising across the News Media Group, but were partially offset by higher online advertising revenues.
But the company's New England Media Group, which includes the Worcester Telegram and Gazette, saw its advertising revenue fall by 7.6 percent to $100.3 million and its circulation revenue fall by 2.4 percent to $39.2 million, according to the company.
The company's operating profit decreased 49.8 percent to $43.3 million from $86.2 million, the company said.
Total News Media Group revenues decreased 4.5 percent to $764.2 million from $800.2 million. Advertising revenues decreased 6.9 percent due to weakness in print advertising across the News Media Group, but were partially offset by higher online advertising revenues.
WBJ Web Partners
Most Recent
Most Recent
0 Comments