Worcestershire Journal – Blame Boston. No, Blame Worcester. … Aw, snap…
by Karl - April 21, 2009 10:32am
The New York Times corporation is reporting a 27% drop in its ad revenue, leading to a $74M loss in the first quarter.
The Times said its New England Media Group, which includes the Globe and Worcester Telegram & Gazette, contributed to “significant losses” at its news media unit. The Times bought the Globe for $1.1 billion in 1993. The paper could lose $85 million this year. The Times has threatened to close it.
We should note that the story on the Times’ site doesn’t mention Worcester at all, while other wire service reports include our fair city.