DING DONG THE WITCH IS DYING: NY TIMES REV FALLS 10%

Long live new media!
The NY Times says revenue has declined because of "...circulation slips.." Yeah right, that makes sense.

Carolyn opined, :the Soviet Union declined because it ran out of money too".

They tanked here (they hit a ten year low!)  and here (profit dropped 82%)  and here:

Previously at Atlas:: New York Times Death Spiral 6/22/2007

New York waste of Times Free Fall 3/22/06

The NY Times Tanks (and we aint talking Army tanks) 7/10/2008

New York Times: I'm Meeeeelting 7/07/07

New York Times Co. July revenue falls 10.1 percent

Ad revenue drops 16.2 percent at New York Times Co., sending July revenue down 10.1 percent

NEW YORK (AP) -- New York Times Co. said Tuesday that its July revenue from continuing operations fell 10.1 percent this year as advertising revenue slipped 16.2 percent.

Overall revenue dropped to $235.9 million in July from $262.3 million in July 2007, the publisher said.

The company's flagship The New York Times paper had 15.3 percent lower ad revenue. At its New England media group, which includes The Boston Globe, July ad revenue dropped 24.5 percent.

For the year to date, total revenue from continuing operations has fallen 6.1 percent to $1.73 billion.

Comments

[Brian]

Sorry, but more and more people are reading online instead of
buying from newstands. This is one of the reasons The New York Times revenue has been hit the was it has. It's not just them either. Alot of magazines, newspapers, etc.. are cutting back on production and doing layoffs because of the slow demand for their field of work.
http://realhotnewz.blogspot.com