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ny times co. reports profit drop, agrees to sell more of its stake in the red sox - digital advertising display
The New York Times
Net income Reported was $58.
The fourth quarter was 9 million, down 12.
2% a year ago and said it had agreed to sell one-
The group holds the third part of the $30 million remaining stake in the Boston Red Sox. The Times Co.
The company, which owns the Boston Globe, said earnings per share for the quarter were 39 cents, compared with 44 cents a year ago.
Total income fell by 2.
Advertising revenue fell 8% to $0. 643 billion this quarter. 1 percent.
Total income of $2011.
3 billion fell 2.
From 9% in 2010.
News Media Group revenue fell 1.
$ 5% to $616. 8 million.
Advertising revenue declined.
3%, while circulation income increased by 4. 7 percent.
Total digital advertising revenue fell by 4 this quarter.
$ 9% to $95.
7 million, due to the decline of Times Company's information website "about group"owns.
The digital advertising revenue of news media group increased by 5.
$ 3% to $71.
1 million growth from national and retail display advertising.
Total digital advertising revenue fell 0.
$ 8% to $338.
7 million, mainly due to falling costsper-
Click and display the advertisement in about.
Digital advertising revenue accounted for 27.
Compared with 26, it accounts for 7% of the company's total advertising revenue.
3% per cent in 2010.
Users of digital packages and e-commerce
By the end of the fourth quarter, The Times and the International Herald Tribune had a total of about 390,000 readers, up 20% from the third quarter.
Paid digital users of global e-commerce
Readers and BostonGlobe.
Com launched in October as a paid website-
By the end of 2011, the total was approximately 16,000 per cent.
Jr Arthur Sulzberger said: "In 2011, we made significant progress in the strategy of transforming and rebalancing the company . ", the Times Co.
Chairman and chief executive“Our fourth-
Quarterly results show that while maintaining its important digital advertising business, it continues to focus on building the digital subscription base for the times and developing new strong consumer revenue streams.
"In a memo to employees this afternoon, Christopher M. , a global publisher.
Said Mayer, Boston Borun. Com attracted 1.
There are 3 million unique visitors in December and Boston.
Free Global website drew 5. com.
There were 9 million unique visitors that month.
Together, these sites have increased the total number of online viewers worldwide.
"We are pleased with these early results and look forward to continuing to innovate to reach a global audience across all platforms," Mayer wrote . ".
Mayer also announced that the company will launch BostonGlobe's enhancements.
Including "e-
The paper version, which allows users to digitally browse the images of each page around the world and read the stories in the printed version. The Times Co.
It is also reported today that the company has agreed to sell 100 of the remaining 310 units in Fenway Sports Group (including the Red Sox.
Time company, last July
Sold 390 units for $0. 117 billion.
The latest sales price is the same, $300,000 per unit, three times the original price of Time Companypaid in 2002.
The company declined to say who bought the stock of Sox.
Time last month
For $0. 143 billion, the regional media group, which consists of 16 regional newspapers and other publications, completed sales in markets such as Florida and California. The Times Co.
Say it will be recorded.
Revenue from sales in the first quarter of 2012 was about $32 million.
In addition to severance and special projects, the company's fourth
Operating profit rose 3% to $0. 151 billion in the quarter, the company said.
Special items include $4.
5 million charging ($2.
After Tax $6 million. 02 per share)
A retirement and consultation agreement was reached with Janet Robinson, the company's former ceo, who retired at the end of last year. The Times Co.
The company, which owns the Boston Globe, said earnings per share for the quarter were 39 cents, compared with 44 cents a year ago.
Total income fell by 2.
Advertising revenue fell 8% to $0. 643 billion this quarter. 1 percent.
Total income of $2011.
3 billion fell 2.
From 9% in 2010.
News Media Group revenue fell 1.
$ 5% to $616. 8 million.
Advertising revenue declined.
3%, while circulation income increased by 4. 7 percent.
Total digital advertising revenue fell by 4 this quarter.
$ 9% to $95.
7 million, due to the decline of Times Company's information website "about group"owns.
The digital advertising revenue of news media group increased by 5.
$ 3% to $71.
1 million growth from national and retail display advertising.
Total digital advertising revenue fell 0.
$ 8% to $338.
7 million, mainly due to falling costsper-
Click and display the advertisement in about.
Digital advertising revenue accounted for 27.
Compared with 26, it accounts for 7% of the company's total advertising revenue.
3% per cent in 2010.
Users of digital packages and e-commerce
By the end of the fourth quarter, The Times and the International Herald Tribune had a total of about 390,000 readers, up 20% from the third quarter.
Paid digital users of global e-commerce
Readers and BostonGlobe.
Com launched in October as a paid website-
By the end of 2011, the total was approximately 16,000 per cent.
Jr Arthur Sulzberger said: "In 2011, we made significant progress in the strategy of transforming and rebalancing the company . ", the Times Co.
Chairman and chief executive“Our fourth-
Quarterly results show that while maintaining its important digital advertising business, it continues to focus on building the digital subscription base for the times and developing new strong consumer revenue streams.
"In the efforts to sell shares in Fenway Sports Group, Fenway Sports Group includes Red Sox, time company
Agreed to sell 100 of its remaining 310 sets.
In last July, the company sold 390 units for $0. 117 billion.
The latest sales price is the same, $300,000 per unit, three times the original price of Time Companypaid in 2002.
The company declined to say who bought the stock of Sox.
Time last month
For $0. 143 billion, the regional media group, which consists of 16 regional newspapers and other publications, completed sales in markets such as Florida and California. The Times Co.
Say it will be recorded.
Revenue from sales in the first quarter of 2012 was about $32 million.
In addition to severance and special projects, the company's fourth
Operating profit rose 3% to $0. 151 billion in the quarter, the company said.
Special items include $4.
5 million charging ($2.
After Tax $6 million. 02 per share)
A retirement and consultation agreement was reached with Janet Robinson, the company's former ceo, who retired at the end of last year.
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