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MSM Backlash: NYT reports 95.7% fall in quarterly profit...  Ads drying up...

MSM Backlash: NYT reports 95.7% fall in quarterly profit... Ads drying up...

REUTERS

The New York Times Co reported a 95.7 fall in quarterly profit, hit by restructuring charges related to headcount reductions.

Net profit attributable to the newspaper publisher fell to $406,000, or break-even per share, in the third quarter, from $9.4 million, or 6 cents per share, a year earlier.

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