TIMES COMPANY TURNS A PROFIT
Jul 24th, 2009 | By admin | Category: In The Newshttp://www.nytimes.com/2009/07/24/business/media/24times.html?_r=2
July 24, 2009
By RICHARD PÉREZ-PEÑA
The New York Times Company reported second-quarter net income of $39.1 million on Thursday, up from $21.1 million in the period a year earlier, as another steep drop in advertising revenue was largely offset by aggressive cost-cutting.
A favorable tax adjustment inflated the earnings in the most recent quarter. But even discounting [...]