Though Manhattan's 16-week newspaper strike cost it some $5.000,000 in pre-Christmas revenues, the New York Times finished last year in the black, thus preserving a record of annual profits that stretches unbroken back to 1896. On revenues of $118 million, the Times netted $1,811.550, down from 1961 profits of $2,212,709. But because the strike continued through the end of March, the Times's 1963 bookkeeping may well be sketched in bright red. Last week the Times announced that for the first quarter of this year, during which its 735,000-circulation New York edition did not publish a single copy,* it suffered...
To continue reading:
or
Log-In
