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The New York Times reports 54-per-cent drop in profit

News Bandit

By News Bandit
in Thailand News

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News Bandit

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New York - The New York Times' profit dropped a dramatic 54 per cent, to 9.2 million dollars, compared to the same quarter last year due to increased investment spending and a decline in the paper's print advertising revenue, according to a second-quarter earnings report released Tuesday.

 

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