New York Times Co. on Thursday reported a surprise profit thanks to deep cost cuts and a one-time tax benefit, as Chief Executive Janet Robinson said she is planning more cuts and pushing harder on selling off assets as she tries to restore the company's health.
Ms. Robinson also has been working on the next critical step: trying to convince advertisers that the newspaper is getting ahead of the technological changes that are rapidly eroding its business.
Friday, July 24, 2009
New York Times CEO: "We're going to lay off more employees, sell more assets"
New York Times CEO Janet Robinson says she plans to lay off more employees and sell more assets.
Photo credit: New York Times