NYT Co.'s Ad Slump Continues
The New York Times Co. reported a shrunken third-quarter loss Thursday on ad revenue that remains stubbornly in decline.
For the third-quarter, the Times Co. loss was $35.6 million, or 25 cents a share. That’s down considerably from a year ago, when it reported a loss of $106.3 million, or 74 cents a share, but much of that was the result of a $160 million non-cash write-down on the value of The Boston Globe and it other New England newspapers.
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