The AP reported that The New York Times Co. will disclose second-quarter earnings tomorrow. Beleaguered by ad revenue losses and mired in the catastrophe that is The Boston Globe, the Times has managed to avoid widespread newsroom layoffs so far. But this may bode badly for their second-quarter profits. The trick, one analyst speculates, will be to increase online profits without alienating readers.
The Times is, however, considering selling their share of the Boston Red Sox in an attempt to save their flagship paper. Experts say it’s unlikely Babe Ruth will come with the deal.