Thursday, October 19, 2006

The new gloom for newspapers

The rag trade is bad all over:

By E&P Staff and The Associated Press

Published: October 19, 2006 10:15 AM ET

CHICAGO The New York Times Co. reported Thursday that its third-quarter 2006 profit from continuing operations plunged 39.2% on costs related to its job cuts and a loss on its sale of its 50% stake in the Discovery Times Channel.

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