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The Boston Globe


New York Times Co.’s revenues and profit drop

The New York Times Co., owner of The Boston Globe as well as The New York Times newspaper, reported net income of about $2.3 million, a drop of nearly 86 percent from the same quarter a year ago, when the company took several one-time items, including a gain from the sale of investments and a charge for paying down debt.

The Times Co. is a smaller organization than it was a year ago. In January, the company sold 16 regional newspapers for about $150 million.

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