The New York Times Company (NYSE:NYT) reaffirmed its 2010 forecasts today.
In a statement, Times CEO Janet Robinson said the company is expecting year-over year revenue trends for the second quarter for print advertising to improve over the first quarter, while digital advertising will trend similarly to the first quarter, with increases over 2009.
The Times said it expects depreciation and amortization of $125 to $130 million on a pre-tax basis in 2010, with capital expenditures of $45 to $55 million.
The company will make a presentation at the JP Morgan (JPM) Global Technology, Media and Telecom Conference today.
Shares of the New York Times Company are trading higher by over 1.5 percent on Monday.
Shares of newspaper publishing competitor Gannett (NYSE:GCI) are trading higher by nearly 3.9 percent, while McClatchy (MNI) trades flat.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.