The New York Times Company has posted a 45% increase in profits in Q4 last year. The NYT increased ad revenues by 21.8% in December -- mostly from large corporation sin telecoms, entertainment, books and healthcare sectors. Total earnings in the quarter were £107.5m compared with £74m for December 2001. The news appeared to boost Pearson shares. NYT Co. has been rumoured to be interested in buying the Financial Times from Pearson.
(From MediaGuardian.co.uk)
Tuesday, January 28, 2003
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