The N.Y. Times Company saw its third quarter profits for this year come in at less than half of what they made last year.
Last month, the Times Co. said it would cut 500 jobs across the company in the next five to eight months, in addition to the 200 jobs it cut earlier in the year.
The company will continue to slice costs, executives said in yesterday's earnings call. "We are also eliminating activities that no longer support growth," said Leonard P. Forman, the chief financial offer.
No longer supports growth? That sounds to me as if MoDO and the rest of the NYT op-ed writers might want to consider their next career move.
In the words of Michael Ledeen, (when will he join the blogs? soon I hope.) Faster, please.
Saturday morning links
31 minutes ago