The New York Times Company sharply reduced its dividend on Thursday, just a year and a half after a major increase, as the company seeks to conserve cash amid concern about dwindling profit.
Directors cut the quarterly dividend to 6 cents from 23...
NEW YORK - The New York Times Co. is slashing its quarterly dividend by 74 percent amid a worsening advertising slump, a move that will save the company money but also curtail the income of the Sulzberger family, the controlling shareholders of...
The New York Times Company finally faced up to reality yesterday and slashed its dividend. It’s something it should have done long ago, but it’s better late than never. Just last year, the Times raised its dividend by about a third even as its...
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NEW YORK, Nov 20 (Reuters) - The New York Times Co slashed its dividend by almost three-quarters and said it would cut spending and reevaluate its assets to cope with a slump in advertising revenue that is gouging U.S. newspaper publishers. The...
For the New York Times Company (NYSE: NYT), generous dividend payments are almost as sacred as sophisticated news coverage. Now, the paper has finally given in to the realities of the declining newspaper industry and the wider economic turmoil....
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