New York Times Q3 profit plummets by 95.7 percent

Bombthrowers This may have been reported last month, but it’s still joyous news to be spreading during the yuletide. The New York Times Co. reported an astounding 95.7 percent drop in profit in the third quarter, Reuters reported.

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Buried way, way down in the Nov. 2 article, the third-to-last paragraph to be precise, it states

Net profit attributable to the company fell 95.7 percent to $406,000, or break-even per share, hit mainly by restructuring charges related to headcount reductions.

In other words, profitability for the parent company of the rotten, anti-American New York Times was more or less eliminated. Wow. Keep up the good work.

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