BETTER OUTLOOK: The New York Times Co. has released an updated outlook for the fourth quarter, with print advertising revenues expected to fall 25 percent while total online ad revenues will rise 10 percent. Chief executive officer Janet Robinson said the company should save $475 million this year and the total debt level is projected to be around $800 million at yearend, down from $1.1 billion at the end of 2008.
Executives said it should not be much longer before an announcement is made about its digital business. Robinson noted there are 80 million monthly page views on mobile. — A.W.