New York Times Company Reports Loss This Quarter, But Good Online Subscription News


The company overall saw a net loss of $119.7 million — partly due, according to the Times, to a $161.3 million write-down at its regional newspaper group. Revenue declined 2.2 percent as print advertising sagged, despite a small boost in online advertising. But company brass is optimistic about the Times’ digital editions. They’ve signed up 224,000 paying online subscribers and 57,000 more through e-readers. And the digital packages, including discounts, encouraged a rare uptick in home delivery. [NYT]