N.Y. Times Co. Show Mixed Financials
December 18, 2007 at 1:07 PM (PT)
THE NEW YORK TIMES COMPANY announced that total Company revenues from continuing operations rose 1.7% from NOVEMBER 2006-2007. Advertising revenues decreased 0.2% and circulation revenues increased 3.7%.
The Company attributes at least part of the increase to a shift in its fiscal calendar. In 2006 the fiscal month-end was November 26th, while in 2007 it was December 2nd, adding an extra "holiday season" week to the month.
Advertising revenues for THE NEW YORK TIMES MEDIA GROUP increased 3.0%. National advertising revenues rose as growth in financial services, fashion jewelry and hotel advertising offset weakness in the healthcare, advocacy and education categories. Retail advertising revenues decreased mainly due to softness in mass market, home furnishing store and direct electronics advertising. Classified advertising revenues decreased because of weakness in real estate, help-wanted and automotive advertising.
THE NEW YORK TIMES Company includes THE NEW YORK TIMES, among other papers, as well as Classical WQXR/NEW YORK.