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January 24, 2006

Gray Lady's Ship Takes on More Water

Posted by Dave Blount at January 24, 2006 5:35 PM

Could it be that the market for moonbattery is taking a dive?

The New York Times Co. said Tuesday its fourth-quarter earnings fell 41 percent from the same period a year ago...

The Times, which also publishes The Boston Globe and the International Herald Tribune, earned $64.8 million or 45 cents per share in the three months ending in December, compared to $110.2 million or 75 cents per share a year ago.

The Gray Lady is responding by raising home delivery rates. Somehow I doubt that will plug the holes in her hull.

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