NYT Co. reports loss, may cut dividend

10/24/2008 | Bloomberg

The New York Times Co. may reduce the dividend it pays to shareholders as a result of a poor earnings report -- which included a 16% drop in online and print advertising for the third quarter of 2008. After the report, ratings agency Standard & Poor's lowered the newspaper company's debt rating to junk. The dividend reportedly pays the controlling Ochs-Sulzberger family $25.1 million per year.

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