New York Times Co. advertising revenues dove almost 21% and overall revenue fell 14%, the company reported today. The only good news: circulation revenues were up 4.2%. Online sales fell 4% but are still up 11% for the year. Declines were fairly consistent across the board, but revenue at the Times’ New England Media Group, which includes the Boston Globe, fell 23.3%. The Times is evidently having little trouble attracting website traffic. The company had the 10th largest presence on the web with 55 million unique visitors in the United States in November. That’s up 11% from a year ago.
This entry was posted on Wednesday, December 24th, 2008 at 11:17 am and is filed under Advertising, Business News, NewMedia. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.