Could this be considered a Christmas gift...Good things sometimes do happen. :-) Bail out from barrack hussein obama?
New York Times print and online ad revenue down
Dec 24 01:18 PM US/Eastern
breitbart.com
The New York Times Co., in the latest bad news for the struggling US newspaper industry, reported on Wednesday that both print and online advertising revenue declined in November.
The Times said total company revenue fell 13.9 percent in November compared with the same month a year ago while advertising revenue decreased by 20.9 percent.
It said advertising revenue for the New York Times Media Group declined 21.2 percent in November from a year ago as national, retail and classified ad revenue all fell amid the general economic slowdown.
Print advertising revenue has been declining steadily at newspapers across the United States and the Times and other dailies have been looking to online advertising to help offset the losses on the print side.
But the Times reported that Internet advertising revenue for its News Media Group decreased four percent in November, although it was up 10.9 percent for the first 11 months of the year compared with the same period in 2007.
It said advertising revenue at the About Group, which includes About.com, ConsumerSearch.com and other websites, decreased 3.5 percent.
Total Internet revenue decreased 2.6 percent in November and total Internet advertising revenue was down 3.8 percent for the month, the Times said.
The Times's Internet businesses include NYTimes.com, About.com, Boston.com and other websites.
It said Internet businesses accounted for 12.1 percent of total revenue in November compared with 10.7 percent of total revenue in November 2007.
In the one bit of good news, the Times said circulation revenue increased by 4.2 percent in November and traffic increased to its websites.
The Times said that according to Nielsen Online the New York Times Co. had the 10th-largest presence on the Web in November with 55 million unique visitors in the United States, up 11 percent from November 2007.
It said NYTimes.com had 20.9 million unique visitors in November compared with 18.9 million in November 2007, maintaining its position as the number one website in the United States.
Besides the flagship New York Times, the New York Times Co. also owns the International Herald Tribune, The Boston Globe, 16 other daily newspapers and other properties. |
