NYT Co. profit falls 12.2% in fourth-quarter

The Times says rising subscription and digital advertising revenue couldn’t offset the continued drop-off in print advertising. Fourth-quarter net income was $58.9 million (39 cents a share) compared with $67.1 million (44 cents a share) in the period a year earlier. For the full year, the Times Company reported a net loss of $39.7 million versus a profit of $107.7 million in 2010.
* NYT Co. profit falls 12.2% in the fourth quarter | Read the release