N.Y. Times Q3 Earnings Drop

NEW YORK TIMES CO. third quarter earnings fell 52% to $23.1 million (16 cents/share) due to weak advertising sales and increased costs, plus a 5 cents/share charge due to job cuts. The company's broadcast group revenues dropped 5.4% to $33,3 million, better than expected; the company does not break out results from its only radio properties, Classical WQXR/NEW YORK and WQEW-A/NEW YORK (LMAd to RADIO DISNEY).

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