Friday, April 18, 2008

Too Much Red Ink

And speaking about squandering opportunities, here is a excerpt from a Goldman Sachs report on the New York Times Corporation issued yesterday :

NYT reported weak first quarter results that were well below expectations…The negative advertising revenue trends seen in January (down 9.8% y-o-y) and February (down 8.3%) continued, as March numbers fell 11.1%. The weakness was mainly seen in classifieds, which dropped 25.7% y-o-y in March (down 22.6% YTD). Moreover, the New England Media’s performance was particularly bad (down 25.9% y-o-y).

1 comment:

flymorgue2 said...

Figurative (possible) cure mentioned in today's Globe:

"Incontinence drugs linked to problems with memory" (By Carla K. Johnson, Associated Press)