The New York Times' Ad Revenue to be Worse Than Forecasted
Janet Robinson, the CEO of The New York Times Company, had some bad news for those gathered at a Goldman Sachs conference yesterday: Things are worse for the New York Times than previously thought. Third quarter ad revenue is expected to drop by about eight percent, rather than the forecasted four percent drop, reports Reuters.
Robinson said that typically strong advertising categories — like auto, real estate and help wanted — all pulled back citing an unstable economy.
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