The Conservative Cave
Current Events => General Discussion => Topic started by: HAPPY2BME on December 27, 2016, 07:33:36 AM
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December 26, 2016
This may have been reported last month, but it’s still joyous news to be spreading during the yuletide.
The New York Times Co. reported an astounding 95.7 percent drop in profit in the third quarter, Reuters reported.
Buried way, way down in the Nov. 2 article, the third-to-last paragraph to be precise, it states
Net profit attributable to the company fell 95.7 percent to $406,000, or break-even per share, hit mainly by restructuring charges related to headcount reductions.
In other words, profitability for the parent company of the rotten, anti-American New York Times was more or less eliminated.
https://www.bombthrowers.com/article/new-york-times-q3-profit-plummets-by-95-7-percent/
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Write-downs from one-time restructuring actions, unfortunately. Wish it had all been from operations.