New York Times posts sharp 1Q profit decline




Technology Top Stories from Associated Press (AP) show

Summary: NEW YORK (AP) , The New York Times Co. reported a sharp decline in its first-quarter earnings on Thursday mainly because businesses it sold last year were not included in the latest results. The company earned $3.1 million, or 2 cents per share, in the January-March period. That's down 93 percent from $42.1 million, or 28 cents per share, in the same period a year ago.