×

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. revenue declines, but loss narrows

Published on .

New York—The New York Times Co. announced Thursday that its operating loss narrowed to $25.4 million for the third quarter, compared with $150.4 million for the year-earlier period. Revenue declined 16.9% to $570.6 million, from $687.0 million in the third quarter of last year. Internet revenue decreased 7.2% to $78.9 million. Internet ad revenue for the News Media Group, which includes NYTimes.com, fell 18.5% to $39.0 million, from $47.8 million. “Looking ahead, visibility remains limited for advertising in the fourth quarter,” Janet Robinson, New York Times Co. president-CEO, said in a statement. “But as is the case across the media sector, we have seen encouraging signs of improvement in the overall economy and in discussions with our advertisers. Early in the fourth quarter, print advertising trends, in comparison to the third quarter, have improved modestly, while digital advertising trends are improving more significantly.”
Most Popular
In this article: