Loss-making New York Times hit by ad slump

The New York Times posted a $335,000 loss in the first three months of this year, one of its worst-performing quarters in history, according to the International Herald Tribune.

The main reason was a 10.6 per cent fall in advertising revenue – worse than the US sector-wide fall of around eight per cent.

“While this is a challenging time for the media industry, we are diligently manging our business for the long term,” New York Times Company chief executive Janet Robison says.

No comments to display

Leave a Reply

Your email address will not be published. Required fields are marked *

six − 4 =