New York Times (NYT) Revenues Fall With Small Hope From Internet

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By Douglas A. McIntyre Published
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Reveue fell again at The New York Times Company (NYT). Overall revenue fell almost 4% to $789 million.  Operating profit excluding depreciation and amortization and special items declined 2.7 percent to $118.5 million from $121.8 million in the second quarter of 2006

Revenue at the news media group, the company’s newspapers and news online properties, fell 5% to $764 million. Revenue at the company’s About.com online service rose 27% to almost $25 million.

On the bright side, in the second quarter, the Company’s Internet revenues grew 23.4 percent to $80.9 million from $65.6 million in the second quarter of 2006. Internet businesses include digital archives, NYTimes.com, Boston.com, About.com and other Company Web sites. In total, Internet businesses accounted for 10.3 percent of the Company’s revenues in the second quarter versus 8.0 percent in the 2006 second quarter.

While the company’s online revenues are not yet filling in the hole created by falling print revenue, at least the number is getting closer.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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