Thursday, April 17, 2008

New York Times Company Posts Loss

The New York Times Company, the parent of The New York Times, posted a $335,000 loss in the first quarter — one of the worst periods the company and the newspaper industry have seen — falling far short of both analysts’ expectations and its $23.9 million profit in the quarter a year earlier.

The company did break even on a per-share basis, compared with the average analyst forecast of earnings of 14 cents, down from 17 cents in the first quarter of 2007. [Click for MORE]

> Lee's Coalinga Record folds

> Star-Telegram to eliminate 15 positions

> Tribune may sell more assets but expects to meet short-term obligations

> Toronto Star cuts 160 jobs, entire Internet production staff let go

> Google profit exceeds forecast

> Star-Ledger to shutter production facility

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