NEWSLETTER
RSS
MOBILE
HELP
SHARE
Email Confirmation
NY Times CEO: No End in Sight to the Pain
by Jeff Bercovici
Jul 23, 2008
Jul 23, 2008
There may be a light at the end of the tunnel for The New York Times Co., but right now it's still too far off to see with the naked eye.
On this morning's second-quarter earnings call with analysts, president and CEO Janet L. Robinson said the dismal trends that have afflicted the paper and its corporate kin all year are all but certain to continue through the end of 2008, and probably well beyond.
"We certainly see a tough second half if the economy continues to act the way it's acting now," Robinson said. "I think it's clear that many of the advertising budgets are tightening up, not to say they're totally going away. There may be more opportunity to loosen up at end of third and fourth quarters, but right now people are tightening those budgets and really saving dollars to use at a later date." ...
Mobile