Jennifer's Feed
Nov 2, 2012

Thomson Reuters operating profit down, trading pressured

Nov 2 (Reuters) – Thomson Reuters Corp
reported on Friday a 15 percent fall in operating profit because
of declining revenue and higher costs at its division that
serves the financial industry.

The slip in profit in the third quarter underscored the
problems facing some of Thomson Reuters’ clients, such as banks
and brokerages that are reducing staff and trimming costs to
cope with increased regulation and the struggling global
economy.

Nov 2, 2012

Thomson Reuters operating profit slips, trading faces pressure

By Jennifer Saba

(Reuters) – Thomson Reuters Corp reported on Friday a 15 percent fall in operating profit because of declining revenue and higher costs at its division that serves the financial industry.

The slip in profit in the third quarter underscored the problems facing some of Thomson Reuters’ clients, such as banks and brokerages that are reducing staff and trimming costs to cope with increased regulation and the struggling global economy.

Oct 25, 2012

NYTimes results hit stock; chairman backs incoming CEO

Oct 25 (Reuters) – The New York Times Co posted
worse-than-expected results on Thursday as advertisers cut
spending on both print and digital outlets, sending its shares
down 22 percent.

The weak quarterly earnings came as a scandal is unfolding
at Britain’s public broadcaster the BBC, whose former head Mark
Thompson is due to take the helm at the New York Times Co as
president and CEO on Nov. 12.

Oct 25, 2012

NY Times misses revs view, chairman backs incoming CEO

Oct 25 (Reuters) – The New York Times Co reported
worse-than-expected results on Thursday as advertisers cut
spending on both print and digital outlets, sending shares down
16 percent.

Meanwhile, on a conference call with analysts about the
results, Chairman Arthur Sulzberger Jr. said he supported Mark
Thompson, the incoming president and chief executive, and
addressed the scandal roiling Britain’s BBC, where Thompson
served in the top job until September.

Oct 25, 2012

NY Times misses third-quarter revenue expectations, stock tumbles

By Jennifer Saba

(Reuters) – The New York Times Co reported worse-than-expected results on Thursday as advertisers cut spending on both print and digital outlets, sending shares down 12 percent.

The newspaper company said that revenue was up almost 1 percent to $449 million. Still, the result missed the analysts’ consensus estimate of $479.23 million, according to Thomson Reuters I/B/E/S.

Oct 25, 2012

NY Times misses Q3 revenue expectations, stock tumbles

Oct 25 (Reuters) – The New York Times Co reported
worse-than-expected results on Thursday as advertisers cut
spending on both print and digital outlets, sending shares down
12 percent.

The newspaper company said that revenue was up almost 1
percent to $449 million. Still, the result missed the analysts’
consensus estimate of $479.23 million, according to Thomson
Reuters I/B/E/S.

Oct 24, 2012

IAC results beat expectations but shares slump

By Jennifer Saba

(Reuters) – IAC/InteractiveCorp (IACI.O: Quote, Profile, Research, Stock Buzz) easily beat quarterly expectations on the strength of its search business but its shares slumped, which the company said was due to a misinterpretation of its forecast by FactSet Research Systems (FDS.N: Quote, Profile, Research, Stock Buzz).

A research analyst noted though that investors could be disappointed in the outlook, which depicted decelerating search revenue growth.

Oct 24, 2012

NY Times public editor asks if incoming CEO fit to serve

NEW YORK, Oct 24 (Reuters) – The New York Times public
editor has questioned whether incoming chief executive Mark
Thompson, the former head of the BBC, is fit to serve as the
company’s top official as a scandal shakes Britain’s most
prestigious broadcaster.

One Wall Street analyst called for the New York Times Co,
which publishes its namesake newspaper and the Boston Globe, to
delay Thompson taking over the company. That added more pressure
on executives to address the matter on the company’s earnings
conference call on Thursday.

Oct 24, 2012

Search revenue boosts third-quarter results at IAC

By Jennifer Saba

(Reuters) – Media veteran Barry Diller’s IAC/InteractiveCorp (IACI.O: Quote, Profile, Research, Stock Buzz) breezed past quarterly expectations on the strength of its search businesses such as Ask.com.

IAC, a holding company for search, dating and media websites, said on Wednesday that revenue increased 38 percent in the third quarter to $714.5 million.

Oct 24, 2012

NY Times public editor calls into question incoming CEO Thompson

NEW YORK, Oct 23 (Reuters) – The New York Times public
editor has questioned whether the newspaper’s incoming chief
executive, the former BBC head Mark Thompson, is fit to serve as
the company’s top official as a scandal shakes Britain’s most
prestigious broadcaster.

One Wall Street analyst called for the New York Times Co
to delay Thompson taking over the company, adding more
pressure on executives to address the matter on the company’s
earnings conference call on Thursday.