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Politics : Politics for Pros- moderated

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To: LindyBill who wrote (163545)	4/13/2006 9:26:47 AM
From: RinConRon	of 793755

New York Times earnings drop on higher costs New York Times Co. (NYSE:NYT - news) on Thursday posted lower first quarter earnings, hurt by higher newsprint costs. The publisher of The New York Times, Boston Globe and International Herald Tribune said net earnings fell to $35 million, or 24 cents a share, from $111 million, or 76 cents a share, a year earlier. The year ago quarter included a gain of 46 cents a share from the sale of its current headquarters. The New York Times warned investors last month that first quarter earnings would be below analysts' average estimates at the time of 25 cents a share. Copyright © 2006 Reuters Limited. All rights reserved.

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