New York Times Suffers Worst Stock Rout Since 2012 in Rough Week
- Advertising decline overshadows strong subscriber growth
- Newspaper drew flak earlier this week over ‘bad headline’
The New York Times headquarters.
Photographer: Tiffany Hagler-Geard/BloombergThis article is for subscribers only.
The New York Times is having a week from hell, and it’s only Wednesday.
After the publisher drew flak for a poorly worded headline earlier this week and suffered a legal setback against Sarah Palin on Tuesday, it warned that advertising revenue would decline sharply this quarter.