Wednesday 23 July 2008

The full gory detail

You can find the full gory detail at http://phx.corporate-ir.net/phoenix.zhtml?c=105317&p=irol-pressArticle&ID=1178136&highlight=

What I note is no special mention of the International Herald Tribune, but I will quote in full the results of the News Media Group.

News Media Group
Total News Media Group revenues decreased 6.7 percent to $713.3 million from $764.2 million.
Advertising revenues decreased 11.8 percent due to weakness in print advertising across the News Media Group, partially offset by higher online advertising revenues.
Circulation revenues rose 2.5 percent, mainly because of higher prices at The New York Times offset in part by volume declines across the News Media Group.
Other revenues increased 1.4 percent primarily because of revenues from rental income and commercial printing, partially offset by the elimination of subscription revenues for TimesSelect, an online product offering that was discontinued in September 2007.
Total News Media Group operating costs decreased 2.9 percent to $668.8 million from $689.0 million. Excluding depreciation and amortization and buyouts, operating costs decreased 4.4 percent to $614.1 million from $642.6 million, mainly as a result of the items noted in the operating costs section above.
Operating profit for the News Media Group decreased 4.7 percent to $44.5 million from $46.7 million. Excluding depreciation and amortization and the special items identified above, operating profit for the News Media Group decreased 38.3 percent to $72.0 million from $116.7 million, because of lower print advertising revenues.




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International Herald Tribune
IHT
New York Times
NYT

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