- Bloomberg, Thursday, February 3, 2011 3:16 PM
Not great news on the financial front for the New York Times Co.: the media giant reported "a 26 percent decline in profit as print advertising and circulation revenue continued to shrink," according
to Bloomberg.
"Revenues were a little lower than expectations," was the quote from Alexia S. Quadrani, an analyst at JPMorgan Chase & Co. She continued: "Upside came from lower expenses where
New York Times continues to do a great job managing costs."
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