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New York
 

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New York News

The New York Times Co. is slashing its quarterly dividend by 74 percent to preserve cash as the advertising slump worsens.


The New York Times Co slashed its dividend by almost three-quarters and said it would cut spending and reevaluate its assets to cope with a slump in advertising revenue that is gouging U.S. newspaper publishers.


NEW YORK - George Steinbrenner's 35-year reign as boss of the New York Yankees ended Thursday when he passed control of baseball's most famous team to his youngest son, Hal.


The New York Times Company sharply reduced its dividend just a year and a half after a major increase, as the company sought to conserve cash amid concern about dwindling profit.


Nov. 20 (Bloomberg) -- New York Times Co. cut its quarterly dividend 74 percent, saying the reduction will give the company greater financial flexibility amid economic turmoil.


This ought to please those credit-ratings agencies that have been threatening to reduce The New York Times Co.'s debt to junk -- if not so much the Sulzberger scions. The Times Co. just announced a major reduction in its dividend, from 23 cents a share to a mere 6 cents a share.


The New York Times Co. is slashing its quarterly dividend by 74 percent to preserve cash as the advertising slump worsens. The cuts could foment unhappiness among members of the Sulzberger family, who are the controlling shareholders of the storied newspaper...


NEW YORK - The cost of public transit in New York City would skyrocket next year - even as bus and subway service is reduced - under a plan announced Thursday by the largest U.S. public transit system.


NEW YORK (AP) - The New York Times Co. is slashing its quarterly dividend by 74% to preserve cash as the advertising slump worsens. The cuts could foment unhappiness among members of the Sulzberger family, who are the controlling shareholders of the storied newspaper publisher.


Dr. Herbert Pardes, president and CEO of NewYork-Presbyterian Hospital, was honored by the New York Academy of Sciences (NYAS) for his leadership in making New York City a center of scientific excellence.



 
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