Big Q309 ad revenue drop, The New York Times Co.

22 Oct 2009

The New York Times Company, in its Q309 earnings release, reported a GAAP-basis operating loss of $25.4 million in Q309 compared with $150.4 million for the third quarter of 2008. On a GAAP basis, the Company’s operating costs declined 22.4 percent in the third quarter of 2009 versus the third quarter of last year.  Circulation revenue grew by 6.7 percent.

Not surprisingly, ad

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Sharon Hill

Sharon Hill has been a senior writer / analyst with the AIM Group since 2004, except for a two-year time-out to serve as sales and marketing manager for Suburban Newspapers of America. She worked at newspapers in California, the Carolinas and Indiana as a classified advertising sales supervisor and manager, and in newspaper circulation in Alaska. At the SNA, she was responsible for bringing in new members; lining up exhibitors, and helping develop programs for the classified conference and the classified alliance. She is also co-author of “Implementing and Managing Telework: A Guide for those who make it Happen” (Praeger Press) and a prolific blogger and social media user. She is based in Phoenix.