New York Times Hemorrhaging Money

Courtesy WebProNews - Financial  Wed, 04/22/2009 - 10:01

The New York Times Company released its earnings for the Q1 2009 , and the situation doesn’t look good.

If things keep going the way they’ve been going for the nation’s largest print news organizations, the news landscape in 2010 could look much, much different.

There is a glimmer of hope in the NYT’s earnings release, though—the company didn’t blame the Internet for losing over $61 million last quarter.

Instead, it was the economy that was responsible...


 

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