The New York Times Company has reported a second quarter loss. Income fell to $21.1m, down from $118.4m in the quarter a year ago, when it recorded revenue from the sale of the company's TV stations. The flagship paper is to increase its daily newsstand price by 25 cents, to $1.50 from next month. Subscription price rises were announced previously.
"We expect to see a tough second half if the economy continues to act as it's acting now," said Janet Robinson, the president and chief executive. "I think there still is increased difficulty with regard to the ad market going forward."
