| The New York Times
Earnings Call |
|
New York Times Earnings Call, First Quarter 2008
5th June 2008 00:00 AM |
|
| Advertising revenues decreased in the quarter as weaker economic conditions compounded the effects of secular change in the business. |
|
| The media company reported a loss of $335,000 from a profit of $23.9 million or 17 cents a share in 2007 as revenues dropped 4.9% to $747.9 million as a result of advertising revenues decreasing as weaker economic conditions compounded the effects of secular change in the business. Online advertising revenues grew 16% due in part to new offerings and ad formats. |
|
|
Full Story... |
New York Times Fourth Quarter Earnings Call
5th February 2008 00:00 AM |
|
| The earnings from continuing operations were 37 cents per share as against a net loss of $4.59 per share in the previous year. |
|
| The leading media company recorded a non-cash charge of 7 cents per share in the quarter related to write down of its investment in Metro Boston and write-down of intangible asset at the Worcester Telegram & Gazette. During the quarter, the total circulation revenues were up 3%, as the New York Times increased its prices in the third quarter of 2007. New York Times expects to decrease its cost base by $230 million in 2008 and 2009 as against the 2007 year end cost base. |
|
|
Full Story... |
The New York Times First Quarter Earnings Call
7th January 2008 00:00 AM |
|
| Newsprint expense decreased 8.5% with 6.7% of the decrease resulting from lower consumption and 1.8% from lower prices. |
|
| The New York Times reported earnings per share from continuing operations of 14% compared with 21% in the same period a year ago. In December, the company relaunched the Times’ travel site and traffic grew more than 50%. The company announced an agreement to sell the Broadcast Media Group for $575 million. The company''s Board of Directors announced that it was increasing regular quarterly dividend 31% to 23 cents per share from 17.5 cents per share. |
|
|
Full Story... |
The New York Times Fourth Quarter Earnings Call
7th January 2008 00:00 AM |
|
| The quarter turned out better than expected, because of higher than expected anticipated advertising revenues. |
|
| The New York Times reported a net loss of $4.50 per share, compared with earnings per share of 43 cents in the fourth quarter of 2005. The New England Media Group had a difficult quarter as it continues to grapple with the soft economic climate and consolidation among major advertisers. Depreciation and amortization totaled $54.6 million, versus $35.4 million in the same period last year. Capital spending totaled $119 million, including $69 million for new headquarters. |
|
|
Full Story... |
New York Times Third Quarter Earnings Call
25th October 2007 00:00 AM |
|
| The earnings of $13.4 million represent an increase of 6.7% from $12.6 million earnings in the previous year quarter. |
|
| The diversified media company reported revenue of $754.4 million, up 2% from the prior year, on 3.9% growth in the circulation revenue. Due to the steps taken over the past two years, New York Times has significantly reduced costs and realized productivity savings. This year, the firm is exceeding its goal of reducing costs by $65 million to $75 million. The revenues of About Group grew 34.9% to $24.7 million because of higher advertising rates and the acquisition of consumersearch.com. |
|
|
Full Story... |
New York Times Second Quarter Earnings Call
31st July 2007 00:00 AM |
|
| Excluding the special items, the earnings were 34 cents per share from continuing operations compared with 37 cents in the prior year. |
|
| The revenue of the leading media company fell 3.7% to $788.9 million from $819.6 million, on 5.7% decline in advertising revenues and 0.5% decline in circulation revenue. The New York Times recently completed a comprehensive review of its cost structure and expects to reduce its cost base by about $230 million by 2009. While the company completed the sale of its television properties and a radio station in the quarter, it acquired ConsumerSearch.com, a leading online publisher. |
|
|
Full Story... |
|
|
