N.Y. Times Q1 Earnings, March Revenue Down
April 19, 2007 at 7:24 AM (PT)
NEW YORK TIMES CO. first quarter diluted earnings per share from continuing operations fell by a third from 21 to 14 cents (but excluding special accelerated depreciation, staff reduction, and tax adjustment costs, without which earnings remained at 25 cents/diluted share).
MARCH ad revenues from continuing operations fell 2.3% and total revenues from continuing operations dropped 1.1% year-to-year. The company does not report revenue information for its sole remaining radio property, Classical WQXR/NEW YORK; it is in the process of selling WQEW-A/NEW YORK to DISNEY/ABC (which operates the station under an LMA) and nine TV stations.