NY Times Co. Narrows Second-Quarter Loss
Posted: 7/26/2012 | By: Chris Reidy | The Boston Globe
The New York Times Co., which owns The Boston Globe, Boston.com, and BostonGlobe.com, said Thursday that second-quarter revenue edged up 0.6 percent to $515.2 million as its net loss narrowed to $88.1 million from $119.7 million from the same quarter a year ago.
The loss was driven by a $194.7 million non-cash charge for the About Group, one of the Times Co.’s digital properties.
The loss was driven by a $194.7 million non-cash charge for the About Group, one of the Times Co.’s digital properties.