'NYT' Co.: Profit, Revenue Down, Except Online
Doree · 04/19/07 10:32AMThe New York Times Company just released its first quarter results, and the news is not all good. It's not all bad either though! Here are a few things Hassan Elmasry and other Times finance critics will be using to bolster their anti-Sulzberger cases: earnings per share were $.14, compared to $.21 in the first quarter of 2006. We would call that a 33 percent decrease in earnings per share. Also, operating profit decreased to $54.5 million, as compared to $60.5 million in the first quarter of 2006. That's 10 percent! (Yay, pre-algebra!) But CEO Janet Robinson put a brave face to the numbers. Let's walk you through some key points.