New York Times feels heat of US markets downturn
Posted
by
Patrick Smith
on 1 February 2008
at 08:36
Tags: Journalism
The New York Times could be feeling the effects of an on-coming US recession after its parent company reported a 13 per cent drop in advertising revenues for December.
The NYT Company said January had appeared similar as healthcare, technology, classified and other sectors suffered.
The Times still made a profit for the last quarter of 2007 - $53m compared to a loss of $648m a year earlier.
Tags: Journalism
