Friday, April 14, 2006

N.Y. Times Leads Newspaper $hortfalls
The New York Post editors must have giggled as they typeset this one. I love Dinosaur Media Extinction Alerts.

Analysts say newspapers are pressured by circulation declines, higher costs and loss of ad dollars to the Internet and other new media.

The Times, publisher of the Boston Globe and International Herald Tribune, said profits fell to $35 million, or 24 cents a share, from $111 million, or 76 cents a share, a year earlier.


I guess being "Fake But Accurate" has stopped paying off.

All in all, a lovely way to begin the day.

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