The New York Times Co. registered a 47 percent decline in Q4 net to $38.4M on flat revenues of $444.7M.
Advertising revenues sank 2.1 percent to $207.6M while circulation sales advanced 1.4 percent to $210.6M.
Print ad sales dipped 9.2 percent; digital revenues rose 19.3 percent to $63.2M or 30.5 percent of overall ad sales.
CEO Mark Thompson called 2014 "an encouraging year with sufficient progress in digital advertising and subscription revenue."
Native ads buoyed the digital revenue performance along with video and mobile sales, according to Thompson.
The NYT finished the year with 910K paid digital subscribers, up 150K from the yearend 2013.
Thompson attributed the decline in profit to strategic investments for digital operations and severance costs connected with a long-term focus on cost reduction.
He promised continued investment for digital and to "bear down on costs to defend our profitability."
Thompson expects Q1 2015 ad revenues to decrease in the mid-single digit range compared to 2014 results.
Trump Media & Technology Group today reported a $58.2M net loss on $4.1M in 2023 revenues, a disclosure that drove its stock price down 22.6 percent to $47.96.
Barry Pollack, an attorney at Wall Street’s Harris St. Laurent & Wechsler, has registered Julian Assange as a client with the Justice Dept. “out of an abundance of caution.”
Paramount Global to slash 800 jobs in what chief executive Bob Bakish calls part of an effort to “return the company to earnings growth"... Rolling Stone editor-in-chief Noah Shachtman is exiting at the end of the month due to disagreements with chief executive Gus Wenner over the direction the magazine is taking... The New York Times broke the $1 billion barrier in annual revenue from digital subscriptions in 2023... Press Forward is investing more than $500 million to strengthen local newsrooms.
The majority of news articles are read within the first three days of publication, according to a recent report.
The Los Angeles Times gives pink slips to 115 people or 20 percent of its newsroom staff... TIME is also laying off about 30 employees, which is approximately 15 percent of its editorial staff... The Baltimore Banner, which was launched by Stewart Bainum in 2022 after he failed to buy the Baltimore Sun, added 500 subscribers per day in the three days following Sinclair Broadcast Group's deal to purchase the Sun.
Have a comment? Send it to 
No comments have been submitted for this story yet.