NY Times 4Q profit tumbles, but beats Street view (AP)

In this Jan. 21, 2009 file photo, a newspaper vendor displays the New York Times and a magazine featuring President Barack Obama, in downtown Seattle. The New York Times Co. said Wednesday, Jan. 28, 2009, earnings plunged 48 percent in the fourth quarter because of lower advertising revenue in a weak economy. (AP Photo/Elaine Thompson, File)AP – The New York Times Co. said Wednesday that fourth-quarter earnings plunged 48 percent and online sales fell for the first time as the recession depressed spending by advertisers. The results still beat analyst estimates, and its shares rose nearly 10 percent.

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