Friday, October 20, 2006

Tribune, NYT Report Sluggish Advertising

By Seth Sutel, AP Business Writer

Newspaper Publishers Tribune, New York Times Report Slower Advertising in Third Quarter

NEW YORK (AP) -- Newspaper publishers delivered more discouraging news Thursday as Tribune Co. and The New York Times Co. both reported sluggish advertising revenue in the third quarter.

Tribune said it was still on track to decide on a restructuring strategy by the end of the year. The Times, meanwhile, downplayed speculation that it was considering a leveraged buyout.

FULL STORY

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