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View Full Version : New York Times loses $40 Million in 2011




FrankRep
02-05-2012, 07:22 PM
New York Times is selling, but we ain't buying!


New York Times loses $40 Million in 2011 (http://www.dailymail.co.uk/news/article-2095599/New-York-Times-loses-40million-2011.html?ito=feeds-newsxml)


New York Times
2nd February 2012




The New York Times Company suffered a net loss of almost $40million in 2011, with its fourth quarter profits falling by 12.2 per cent compared to the same period in 2010.

The company is grappling with sinking advertising revenue and a recent change in the top management after losing CEO Janet Robinson, who received a multimillion dollar severance package.


Full Story:
http://www.dailymail.co.uk/news/article-2095599/New-York-Times-loses-40million-2011.html?ito=feeds-newsxml

NidStyles
02-05-2012, 07:53 PM
What did they expect with the evolution of the Internet and the added realization of many on how biased and Statist orientated they have become.