NY Times Reports $120M in Q2 Losses, But Online Subs Up

By: Reuters

The New York Times reported $119.7 million in net losses for the second quarter of the year on Thursday, reflecting both the declining value of its regional newspapers and the continued decline of print advertising. The Times operated with a profit of $60.8 million in the same frame of 2010.

However, the Times is reporting growth in online subscriptions, which means consumers are still flocking to the site despite the pay wall instituted in March.

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