The New York Times Company Expects Lower Earnings

  • June 16, 2005
The New York Times Company expects its second-quarter diluted earnings to range between 38 and 42 cents, compared with 50 cents in the same period last year.

"While advertising revenues in the second quarter have exhibited modest year-over-year improvement, the ad market remains uneven across categories and markets," Leonard P. Forman, executive vice president and chief financial officer said in a statement. - Amy Corr

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