Tough times for the Times


The New York Times Company was 335K poorer at the end of Q1, which was less than one cent per share. Operating earings, after adjustments, were said to amount to four cents per share — not good when analysts were looking for 14 cents according to Thomson Financial polling. Revenues were 747.9M, compared to 786M in Q1 2007. NYT has sold off its television properties but still owns and operates Classical WQXR-FM in New York City.