Skip to content

New York Times Reports 95.7 Percent Fall in Quarterly Profit

SIGN UP FOR OUR NEWSLETTER

(REUTERS) The New York Times Co (NYT.N) reported a 95.7 fall in quarterly profit, hit by restructuring charges related to headcount reductions.

Net profit attributable to the newspaper publisher fell to $406,000, or break-even per share, in the third quarter, from $9.4 million, or 6 cents per share, a year earlier.

SIGN UP FOR OUR NEWSLETTER

Read the rest of the story at Reuters.com.


Comment count on this article reflects comments made on Breitbart.com and Facebook. Visit Breitbart's Facebook Page.