Related: Merry Christmas From the New York Times' Newsroom
Ooooh!
TRICK, Times?!!!
"Times Co. reports loss, but beats expectations; Ad revenue down; operating profit up" by Beth Healy, Globe Staff | October 23, 2009
Boy, you guys down at the Globe really took it in the old pooper!
See: Globe Employees Applaud a Rapist
Wow!
And PROFIT is UP, huh?
The New York Times Co. yesterday posted a loss in the third quarter as advertising revenue fell nearly 30 percent, but dramatic cost cutting and growing circulation revenue put the company on firmer financial footing.
Translation: HACKING AWAY at WORKERS and RAISING PRICES WORKED! NOT a SOLID FINANCIAL MODEL for the FUTURE, but WHO CARES?!
The Times BEAT EXPECTATIONS!!!
The Times Co., which owns The Boston Globe, Boston.com, and other media properties, posted a loss of $35.6 million for the quarter. Its operating profit, however, surged 30.2 percent from a year ago to $80.6 million, excluding a series of accounting charges and special items....
THANK YOU, Globe employees!!!!
Times Co. Chief Executive Janet Robinson said on a conference call with analysts that the company made progress as a result of “the aggressive restructuring of our business.’’
That's New York Times-ese for SCREWING YOU, Globe!!!
Circulation revenues, from the sale of newspapers, grew 6.7 percent, to $240.8 million.
NOT because MORE PEOPLE are BUYING NEWSPAPERS!
It is because THEY RAISED PRICES!!!!
It's what is known in the economics field as a DYING INDUSTRY!!!!
The company’s New England Media Group, which includes the Globe and the Worcester Telegram & Gazette, contributed strongly to the improved performance. Circulation revenue in the unit rose 18.4 percent to $45.9 million, after a sharp increase in subscription and newsstand prices for the Globe.
Yeah, I KNOW!!!
And I am NOT PAYING TWICE, a**holes -- which is to say I WON'T BE PAYING AT ALL!!!
Also see: AP's Poster Boy
the recession and Internet continue to batter the news business....
What a bunch of SELF-DELUDED FOOLS!!! It is NOT the RECESSION!!
Also see: The Boston Globe Admits Iraq Lies Killed It
Yup, NO ONE LIKES an AGENDA-PUSHING LIAR!!!!!!!!!!!!!
Especially when THEIR PAPERS have been HOLLERING RECOVERY for MONTHS now!!!
Hey, what is ONE MORE LIE from the New York Times, anyway?
It's like GRAINS of SAND on a BEACH now!!!!
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And it will get smaller. Earlier in the week The New York Times said it would cut 8 percent of its newsroom, or 100 jobs, in a buyout.
Have a holly, jolly Christmas, it's the best time of the year.
“The move was made with reluctance,’’ Robinson said, adding that there would be more cuts on the business side of the company as well.
And WHAT IS the SIZE of YOUR BONUS this year, Jan?
I mean, the Globe guy got SIX FIGURES even when they LOST $50 MILLION and the WORKERS went WITHOUT RAISES and FACED CUTS!
The company is starting to see nascent signs of an economic recovery.
Just now?
Advertisers have begun to express more interest in print and digital ads, Robinson said.
Ha-ha-ha-ha-ha-ha-ha-ha!!!
REVENUES are DOWN!!!!
You know, SELF-DELUSION is GOOD FOR NO ONE, NYT!!!!!!!!
