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US: Newspapers report sagging quarterly results

Posted by Rory Satran on October 20, 2006 at 11:11 AM

The American newspaper industry reported declining quarterly results yesterday. The New York Times Company declined due to low advertising sales and poor results from the Boston Globe. Despite an overall decrease in revenue, the Tribune Company increased its net income thanks to a fruitful reworking with major shareholders the Chandler family. The Sun-Times Company is expected to report extremely sharp declines when it publishes its quarterly results the week of November 6.

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