Thursday, January 26, 2006
Better than expected?
Is it possible they are doing it to themselves?...
Excerpts from a New York Times Investor Relations press release:
"Fourth-quarter net income was $64.8 million compared with $110.2 million in the same period of 2004."
"'Our revenues in the fourth quarter came in better than expected, primarily because of very strong performance at The New York Times Media Group,' said Janet L. Robinson, president and chief executive officer. 'The New York Times, the International Herald Tribune and NYTimes.com all showed strong advertising gains, resulting in the Group's advertising revenues growing by nearly 8 percent. New products and enhancements were instrumental in achieving this growth.'"
