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By Richard Fernandez

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Modern Times

April 21, 2009 - 6:48 am - by Richard Fernandez
Habu
2009-04-21 14:23:06

New York Times loss widens; shares fall 16%

CHICAGO (MarketWatch) — New York Times Co. shares fell 16% Tuesday after the company reported a wider loss in the first quarter, hampered by another steep decline in advertising revenue, costs related to job cuts and a write-down of leases associated with a newsstand-distribution subsidiary that closed during the quarter.

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