Print Journalism

There's no money there:

The New York Times Company reported on Thursday that its second-quarter profit declined 18 percent compared with results in the period a year earlier, when it recorded a tax benefit. On an operating basis, profit more than doubled.

Net income was $32 million, or 21 cents a share, compared with $39 million, or 27 cents a share, in the period a year earlier, when the company received the $37.7 million tax benefit. Operating profit rose to $60.8 million from $23.5 million, while earnings per share from continuing operations, which exclude severance costs and other one-time items, increased to 18 cents from 8 cents in the period a year earlier.

Circulation revenue grew, and a double-digit increase in digital advertising helped offset a decline in print advertising. The Times Company reported overall revenue of $589.6 million, a gain of 1.2 percent compared with sales in the period a year earlier. Revenue dropped 3.2 percent in the first quarter.

I'm pretty sure if First Draft ran this company, and our profits doubled, you would all be invited to the party ON THE MOON.

A.

Comments

[BlakNo1]

On The Moon, nerds get their pants pulled down and they are spanked with moon rocks!!!

[Interrobang]

If you ever have a party on the moon, I will violate my long-held self-prohibition against going into space so I can be there. I own a slinky formal dress, even...