Second quarter profits are down 82% at the NYT. They’re barely a for-profit enterprise any more; maybe they should become a 527 and take donations.
(Via Instapundit.)
ASIDE: Okay, the profits a year ago included the sale of some television stations, so things aren’t quite so bad as the 82% would suggest, but they’re still looking at a 16.4% drop in advertising revenues.
Internet Scofflaw 