Nobody Has Our Sources.
The Tri-State area's number one source for News and Information. But The Baby. The New York Times Co. reported a steep decline in first quarter earnings Monday and lowered its profit outlook for the rest of the year, citing an advertising slowdown and higher newsprint costs. The company had lowered its forecast for first quarter earnings in early March. In the same period a year ago, per-share earnings were 46 cents as a surge in promotional spending from Internet and technology firms lifted newspaper advertising revenues by 15 percent.