×

Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.

BtoB

New York Times Co. Q2 earnings nearly double on sale of Broadcast Media Group

Published on .

Most Popular
New York—The New York Times Co. Wednesday reported second-quarter earnings net income nearly doubled to $118.4 million from $59.6 million a year earlier, as the sale of the company’s Broadcast Media Group offset continued weakness in print advertising. Total revenue decreased 3.7% to $788.9 million, from $819.6 million. Advertising revenue fell 5.7%, while circulation revenue dropped 0.5%, mainly due to volume declines offset by higher subscription prices in the fourth quarter of 2006. Ad revenue for the New York Times Media Group, which includes the flagship New York Times, decreased 5.3% while circulation revenue rose 0.2%. —Matthew Schwartz
In this article: