USA: Profit slump at the New York Times
Profits at the publishing house of the renowned US newspaper New York Times plummeted by 58 percent in the first quarter.
The company earned 5.4 million dollars from January to March. In the same period a year earlier, it had earned 12.8 million dollars. Turnover fell by four percent to 567 million dollars. The company blamed falling revenues in the advertising business for the slump in profits. (SDA)
