New York Times Company Expects Third-Quarter Loss

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New York Times Company president Janet Robinson predicted yesterday at the Goldman Sachs media conference that earnings from continuing operations are expected to show a loss of 5 to 7 cents a share, and that the overall decline in revenue would be around 2 to 3 percent. After this news, share prices for the Times fell 52 cents to close at $7.45 yesterday. [NYT]