New York Times, Sees 25% Decline In Q4 Print, Advt. Revenue
Posted: 10th December 2009
New York Times, Sees 25% Decline In Q4 Print, Advt. Revenue - Update
Print advertising revenues decline but digital gains in strength (Source:RTT News)
Diversified media company New York Times Co. said it expects a decline in fourth quarter print and advertising revenue, in view of challenging market conditions. Meanwhile, the company looks ahead to a strengthening of digital advertisements and growth in online advertising revenue.
The New York-based news provider said that it expects fourth quarter print advertising revenues to drop approximately 25% while total online advertising revenues to rise approximately 10%. The company currently project circulation revenues to grow 2% for the quarter.
Original article ...
http://www.rttnews.com/ArticleView.aspx?Id=1151087&SMap=1
Diversified media company New York Times Co. said it expects a decline in fourth quarter print and advertising revenue, in view of challenging market conditions.
Meanwhile, the company looks ahead to a strengthening of digital advertisements and growth in online advertising revenue.
The New York-based news provider said that it expects fourth quarter print advertising revenues to drop approximately 25% while total online advertising revenues to rise approximately 10%. The company currently project circulation revenues to grow 2% for the quarter.
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