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NYT's Second Quarter Profits Rise

Reuters Via Yahoo   |   July 25, 2007 09:36 AM

Read More: New York , Breaking Media News
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New York Times Co. said on Wednesday quarterly profit rose, helped by a one-time gain from the sale of its broadcast operations, but revenue fell because of weaker newspaper advertising sales.

Second-quarter net income rose to $118.4 million, or 82 cents a share, compared with $59.6 million, or 41 cents a share, in the quarter a year ago.

Excluding special items, the company reported earnings of 34 cents a share from continuing operations, down from 37 cents in the quarter a year ago.

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