NYT’s November Revenues: Bleed is Still On

The New York Times Company (NYSE: NYT) has announced its November 2008 revenue figures across its various divisions, and the bleed is continuing:
— Revenues from continuing operations decreased 13.9 percent compared with the same month a year ago. Ad revenues decreased 20.9 percent and circulation revenues increased 4.2 percent.
— Ad revenues for The New York Times Media Group decreased 21.2 percent.
— Online ad revenues included in the News Media Group decreased 4.0 percent, as modest growth in display ad was offset by weakness in online recruitment and real estate ad. Year-to-date online ad revenues for this group were up 10.9 percent, compared with the same period in 2007.

For the overall online business: Total Internet revenues decreased 2.6 percent and Internet ad revenues decreased 3.8 percent in November. Internet businesses include NYTimes.com, About.com, Boston.com and other company sites. Year-to-date November 2008, total Internet revenues rose 8.3 percent and Internet ad revenues increased 11.6 percent compared with the same period in 2007. More here.

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