Wednesday, July 25, 2007

New York Times profit rises, ad revenue declines

(Reuters) - NEW YORK, July 25 - New York Times Co. said on Wednesday quarterly profit rose, helped by a one-time gain from the sale of its broadcast operations, but revenue fell because of weaker newspaper advertising sales.



Second-quarter net income rose to $118.4 million, or 82 cents a share, compared with $59.6 million, or 41 cents a share, in the quarter a year ago.


Read more at Reuters.com Market News

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