New York Times reports 95.7 percent fall in quarterly profit

Net profit attributable to the newspaper publisher fell to $406,000, or break-even per share, in the third quarter, from $9.4 million, or 6 cents per share, a year earlier.

By: Reuters | Published: November 2, 2016 6:35 pm
NYT profits, NYT newspaper profit, nyt news, new york times, new york times profit, new york times news, newspaper business, nyt paper profits NYT revenue fell to 3.6 million from 7.4 million.

The New York Times Co reported a 95.7 fall in quarterly profit, hit by restructuring charges related to headcount reductions.

Net profit attributable to the newspaper publisher fell to $406,000, or break-even per share, in the third quarter, from $9.4 million, or 6 cents per share, a year earlier. Revenue fell to $363.6 million from $367.4 million.

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