New York Times Reports 95.7 Percent Fall in Quarterly Profit

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New York Times reports 95.7 percent fall in quarterly profit:

The New York Times Co reported a 95.7 fall in quarterly profit, hit by restructuring charges related to headcount reductions.

Net profit attributable to the newspaper publisher fell to $406,000, or break-even per share, in the third quarter, from $9.4 million, or 6 cents per share, a year earlier.

New York Times Reports 95.7 Percent Fall in Quarterly Profit:

(REUTERS) The New York Times Co reported a 95.7 fall in quarterly profit, hit by restructuring charges related to headcount reductions.

Net profit attributable to the newspaper publisher fell to $406,000, or break-even per share, in the third quarter, from $9.4 million, or 6 cents per share, a year earlier.

Read the rest of the story at Reuters.com.

H/t reader kevin a.

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