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Earnings dropped 11% for the year and 45% for the quarter:

Circulation revenue remained under pressure, though the company, which owns The New York Times, The Boston Globe, The International Herald Tribune and other newspapers, as well as television and radio stations, reported a 6.2 percent increase in advertising sales for the quarter. But the company said revenue for January was "off to a slower start, especially in the entertainment and classified automotive categories."

Newspaper companies, like other media companies, are in the midst of a struggle to adapt themselves to the new ways in which readers and viewers consume news and entertainment on the Internet and digital devices. While advertising rates and revenue are increasing online - the Times Company said advertising revenue at its newspaper Web sites jumped 30.3 percent - that growth has not completely made up for the decline in revenue and profits from newspapers and other older media.

Posted by edelfenbein at January 24, 2006 2:49 PM