N.Y. Times Co. revenue dips in second quarter

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New York—The New York Times Co. said Wednesday that its total revenue for the second quarter decreased 6% to $741.9 million, from $788.9 million in the year-earlier quarter.

Advertising revenue declined 10.6%, while circulation revenue rose 2.5%. Total Internet revenue increased 12.8% to $91.3 million, and Internet advertising revenue grew 18.3% to $80.5 million.

“During the quarter, we saw the continued effect on our businesses of the U.S. economic slowdown and secular forces playing out across the media industry,” Janet L. Robinson, the company’s president-CEO, said in a statement. “Print advertising continued to soften during the quarter, particularly in the classified areas. At the same time, circulation revenue rose 2.5% to a second-quarter record of $224 million.”

—Sean Callahan

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