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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  1. R
    Raje
    Nov 2, 2016 at 1:53 pm
    Good. NYT is the source of news peddling. It should go down for the benefit of world. It peddled lies on Iraq and Libiya too. We all see what is happening bcoz of that
    Reply
    1. B
      bitterhoney
      Nov 2, 2016 at 5:37 pm
      Modi effect.
      Reply
      1. S
        sai ansh
        Nov 2, 2016 at 2:01 pm
        Wonderful news. I hope it goes bust. Peddler of big, shameless lies. Mouthpiece of crooked and discredited lefties.
        Reply
        1. S
          Shyamal Ganguly
          Nov 2, 2016 at 3:48 pm
          The promoters of CROOCKED HILLARY going under. Good for America.
          Reply