New York Times Co., the newspaper publisher controlled by the Ochs-Sulzberger family, posted fourth-quarter profit that beat analysts’ estimates as its advertising decline slowed and online readership grew.
The U.S. Justice Department is probing Moody’s Investors Service and Standard & Poor’s over ratings of mortgage-backed securities, according to three former employees who said they were interviewed by investigators.
Moody’s Corp. , whose founder John Moody created credit ratings more than a century ago, gained the most in more than a year after boosting its forecast for 2010 earnings for the second time in three months.
The New York Times newspaper, hit by ad declines that have dragged down the entire industry, will make more money this year from subscriptions than advertising for the first time, offering the promise of a return to growth.
New York Times Co. incoming Chief Executive Officer Mark Thompson is going public to defend his leadership at the British Broadcasting Corp. amid calls for the newspaper company to reevaluate its CEO choice.