Don Surber was right:
The NYT will trim 1 ½ inches from its width in 2008. The newspaper reports this as 5% reduction in its newshole. But it is an 11% reduction in the printed area of the page. […]
Am I the only one who notices this comes in advance of its quarterly earnings report today? I smell trouble for Pinch and company.
The New York Times Co. reported flat earnings for its second quarter Tuesday as a slight gain in revenues was offset by increasing expenses, including newsprint. […]
Despite beating the earnings estimate, the company’s shares fell 36 cents, or 1.6 percent, to $22.82 in morning trading on the New York Stock Exchange.