NYT Co. Reports Grim Q4

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CHICAGO The New York Times Co. today reported its fourth-quarter earnings from continuing operations fell 48 percent on write-downs on severance costs and non-cash charges on the value of the International Herald Tribune and New England papers, including its stake in the free Boston Metro daily.

NYT said its per-share earnings for the quarter were 19 cents, including a 10-cents per-share charge for severance costs and a 7-cents per-share charge for the write-down of assets.

Operating profits for the quarter fell to $63.3

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