Saturday, May 24, 2008

The New York Times Company Reports 2008 First-Quarter Results

The New York Times Company announced today first-quarter 2008 earnings per share (EPS) from continuing operations of $.00, including a $.07 per share non-cash charge for the write-down of assets and a $.03 per share favorable tax adjustment, compared with EPS of $.14 in the first quarter of 2007, which included an unfavorable tax adjustment of $.03 per share. Excluding the charge and the adjustments, EPS from continuing operations was $.04 in the first quarter of 2008 compared with $.17 in the first quarter of 2007.

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