New York Times Co. Announces Uptick in Second-Quarter Revenue
The New York Times Co. (NYT) today announced that second-quarter operating profit rose 39% to $92.6 million, while revenue rose slightly.
Revenue rose 1.2% year over year to $589.6 million, a reversal of a 3.2% year-over-year decline in the first quarter of 2010. The company posted an operating profit of $92.6 million, up 39% from the year-ago period. GAAP operating profit rose to $60.8 million vs. $23.5 million in the second quarter of 2009.
The company recorded overall second-quarter net income of $31.8
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