The New York Times Company Lost $39.7 Million In 2011 (NYT)

The New York Times Company reported its Q4 earnings today, and they lost $39.7 million in 2011, or 27 cents a share, after making $107.7 million in 2010.Q4 profit is down 12.2% y/y thanks to the continuing decline of print advertising and a 67.4% decline in the About Group's operating profit, which also saw a 25.7% decrease in quarterly ad revenues y/y.The NYT also missed analysts' estimates — quarterly net income of 39 cents a share was lower than expectations of 42 cents a share. The fourth quarter income also reflects a $4.5 million payout to departed CEO Janet Robinson, and $7.9 million in severance costs, up from $4.7 in Q4 2010.There is some good news, though: despite a 7.8% decline in print advertising revenues, digital advertising revenues for the News Media Group increased 5.3%. Digital ad revenues were 26.7% of ad revenues in Q4 2011 compared to 26.1% in Q4 2010.The company can also look for to a net after-tax proceeds of $150 million in Q1 2012 from the sale of its Regional Media Group.Please follow SAI: Media on Twitter and Facebook.Join the conversation about this story »See Also:The Pay Package For Departed New York Times CEO Janet Robinson Is Much Bigger Than We ThoughtOne Of Demand Media's Founders Left With An Amusingly Slim PayoutFACEBOOK'S IPO FILING IS HERE

Weiter zum vollständigen Artikel bei "Business Insider"