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New York Times Delivers Some Not Terrible News: Earnings, Ad Sales Better Than Expected

in Media on October 22, 2009 at 5:05 am PT

The New York Times announced plans to cut eight percent of its newsroom payroll this week, citing “economic thunderstorms,” which suggested that this morning’s earnings results were going to be particularly unpleasant. Surprise! They’re not that awful, at least by the diminished standards of the newspaper industry.
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