The New York Times Co. will cut up to 9% of its work force this year as it copes with declining advertising revenue, but said it still expects to meet Wall Street's earnings expectations for both the
coming quarter and year. In a statement released Monday, the company, which announced in April it would start reducing its staff of 14,000 workers, said a drop in advertising revenue will cause its
fiscal 2001 revenue to fall short of levels from last year.
