The New York Times Co. reported 1995 third-quarter net income of $32.2 million, compared with net income of $120.6 million in 1994. The 1995 results include a pre-tax gain of $11.3 million from the third-quarter sale of six small newspapers, while 1994 includes a pre-tax gain of $204 million from the sale of the Women's Magazines Division and U.K. golf publications. Revenues for the third quarter increased to $572.7 million in the 1995 quarter from $527.2 million in the 1994 quarter.
The New York Times' ad volume was up 0.5% in the third quarter and up 2.7% for the nine months. The Boston Globe was down 0.5% in the third quarter and up 2.7% for the nine months. The Regional Newspaper Group was up 1.3% in the third quarter and up 2.2% for the nine months.