New York Times Co. Reaffirms Second-Quarter Forecast
The New York Times Co. today said that it still believes second-quarter performance will line up with the results it forecast when it reported first-quarter earnings in April.
In a statement released this morning, CEO Janet Robinson said that the company foresees improving revenue trends (the top line fell 3.2% in the first quarter) and that digital ad revenue would continue its solid improvement.
The company reaffirmed its commitment to lowering costs at a rate commensurate with any future revenue declines, should that be necessary.
Press release after the jump.
THE NEW YORK TIMES COMPANY REAFFIRMS SECOND-QUARTER OUTLOOK AND 2010 EXPECTATIONS
NEW YORK, May 17, 2010 — The New York Times Company today will discuss its business, strategy and management’s outlook during the 38th Annual J.P.
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