And the self-delusion isn't helping:
"Times Co. beats earnings estimates
NEW YORK - The New York Times Co., owner of the namesake newspaper and The Boston Globe, posted earnings that beat analysts’ estimates as digital-advertising sales increased and customers signed on to a new online subscription model.
I never will.
Excluding some items, earnings per share fell to 14 cents in the second quarter, the company said in a statement, exceeding a Bloomberg analysts’ estimate of 9 cents. Revenue fell 2.2 percent to $576.7 million, off from analysts’ projections of $577.6 million.
Advertising revenue slid 4 percent, as digital-ad sales rose 2.6 percent and print ad sales fell. Circulation revenue was little changed compared with a year earlier.
How long can you tread water?
Revenue at the company’s New England Media Group, which includes the Globe, fell 3.6 percent to $102.5 million.
The company reported a loss of $119.7 million, or 81 cents a share, compared with a profit of $32 million, or 21 cents, a year earlier....
With news consumers shifting from print to digital platforms, the company in March introduced a Web-based subscription model at The New York Times, which requires online readers who view more than 20 articles per month to pay for access to the site’s content.
Related: Would You Pay Twice For a Turd?
The company said it had 224,000 subscribers for the new service at the end of the quarter.
That's not much at all.
--more--"
Also see:
Globe Decline a Decade in the Making
The Boston Globe Admits Iraq Lies Killed It
And yet they have not stopped lying. Some people never learn.
