New York Times (NYT) Reports April Revenues
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Price: $67.47 +0.61%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.2%
Revenue Growth %: +9.6%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.2%
Revenue Growth %: +9.6%
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The New York Times Company (NYSE: NYT) announced April total Company revenues from continuing operations decreased 2.2% compared with the same month a year ago. Advertising revenues decreased 5.1% and circulation revenues increased 3.3%.
The Company’s results in April benefited from a shift in the timing of Easter. Easter Sunday, which fell in March this year, but was in April last year, is traditionally a time of reduced advertising at both The New York Times and The Boston Globe.
News Media Group: Advertising revenues for the News Media Group decreased 6.0% mainly because of weaker classified advertising.
The New York Times Media Group – Advertising revenues for The New York Times Media Group decreased 0.7%.
New England Media Group – Advertising revenues for the New England Media Group decreased 12.0%.
Regional Media Group – Advertising revenues for the Regional Media Group decreased 16.4%.
About Group: Advertising revenues at the About Group (which includes the Web sites of About.com, ConsumerSearch.com, UCompareHealthCare.com and Calorie-Count.com) rose 14.2% due to strong growth in cost-per-click advertising. In addition, advertising revenues reflect the acquisition of ConsumerSearch.com in May 2007. Excluding this acquisition, advertising revenues increased approximately 10%.
[SM]
The Company’s results in April benefited from a shift in the timing of Easter. Easter Sunday, which fell in March this year, but was in April last year, is traditionally a time of reduced advertising at both The New York Times and The Boston Globe.
News Media Group: Advertising revenues for the News Media Group decreased 6.0% mainly because of weaker classified advertising.
The New York Times Media Group – Advertising revenues for The New York Times Media Group decreased 0.7%.
New England Media Group – Advertising revenues for the New England Media Group decreased 12.0%.
Regional Media Group – Advertising revenues for the Regional Media Group decreased 16.4%.
About Group: Advertising revenues at the About Group (which includes the Web sites of About.com, ConsumerSearch.com, UCompareHealthCare.com and Calorie-Count.com) rose 14.2% due to strong growth in cost-per-click advertising. In addition, advertising revenues reflect the acquisition of ConsumerSearch.com in May 2007. Excluding this acquisition, advertising revenues increased approximately 10%.
[SM]
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