NYT's Second Quarter Profits Rise
Reuters Via Yahoo:
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.
First Posted: 07-25-07 09:36 AM | Updated: 03-28-08 02:44 AM