New York Times reports 95.7% fall in Q3 profit
American daily New York Times on Wednesday reported a 95.7% fall in its Q3 profit, hit by restructuring charges related to headcount reductions. The net profit of the newspaper publisher fell to $406,000 from a profit of $9.4 million reported a year earlier. Further, the publisher's revenue fell to $363.6 million from $367.4 million last year.