Oct 22 · 9:59:00 AM · Source: AP

The New York Times Co. narrowed its losses in the most recent quarter, though the company showed only moderate signs of improvement in advertising. The publisher, which said Thursday it would have made money if not for hefty one-time charges, lost $106.3 million, or 74 cents a share, in the same quarter a year ago, when it had more than $160 million in one-time costs to account for the declining value of assets on its books. Excluding unusual items, the company said it earned 16 cents per share in the most recent quarter, compared with 5 cents a year ago. Overall revenue fell 17 percent to $570.6 million.
Times Co. CEO Janet Robinson pointed to "encouraging signs of improvement in the overall economy and in discussions with our advertisers."

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by Larry Etter