12/25/2008

Key U.S. stock〕 The New York Times in November year-on-year decline in advertising revenue 20%

Reuters, New York, Dec. 24 - --- The New York Times (NYT.N: Quote) said Wednesday that its November advertising revenue fell 20 percent, the newspaper shows that the United States in the financial crisis, the increasingly weak advertising revenues. The New York Times publisher - The New York Times Media Group, said in a statement, in November advertising revenue declined 21.2 percent over the previous year, due to real estate ads and the number of job ads dropped. In addition, the audio and video entertainment, automotive, books, financial services advertising was also weak and powerful. The company's New England Division, as well as on behalf of the company's other newspapers, revenue also declined, the company overall revenue fell 13.9 percent. Newspaper publishers large majority of the regular monthly business publication, The Wall Street need immediate attention because of its subtle changes in the wind and waves could rise to slightly press the shock value of the shares. The New York Times, November's sales data more significant, as a result of the company in 2009 to carry out the obligation to repay their loans and reduce borrowing costs and savings are, in order to ward off recession, the impact of the newspaper business.

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