New York Times Reports 2nd Qtr Loss

A sign of the Times? Perhaps. The New York Times reported a second quarter net loss of $119.7 million for 2011. The same quarter last year turned in a profit of $60.8 million.

Online subscriptions are up, the paper says. Since there are no LY figures for online subscriptions, it couldn’t be anything but ‘up.’ The Times started a subscription scheme for their online version in March 2011.

Link: Editor & Publisher

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