This news came a day after Dow Jones issued a profit warning due to weak advertising at The Wall Street Journal. New York Times Co. COO Janet Robinson was quoted as saying: "We're very cautiously optimistic. The Times has been disappointing in terms of national advertising and certainly some areas that are dependent on the New York economy." Tim Stautberg, head of investor relations for Scripps, said, "It's been a slow, painful, sloppy economic recovery."
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