New York Times Q4 Earnings
Seth Gilbert, 02-1-2007
New York Times (NYSE: NYT), reported Q4 earnings.
The company took an impairment charge of $814m to for the declining value of the Boston Globe property. Inclusive of that charge, for Q4 the times reported a loss of $648m equal to EPS per share of ($4.50) versus $0.43 for the prior year.
Revenue came in at $931m, up from $893. By division, advertising accounted for $626m and circulation $235. Other divisions provided $70m. All three categories were up over Q4 of the prior year.
More detailed press coverage on New York Times’ finances can be found at:
