The New York Times continues to struggle to find its way in this increasingly digital world. The company reported a net loss of $500,000 for the second quarter, with total revenue dropping three percent, to $373 million.
The main culprits for the losses: Severance pay for the closure of the Times’ Paris-based operations and steep declines in advertising. The Times took a $12 million hit for the Paris shuttering and total ad revenue fell 12 percent compared to the second quarter of 2015.
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