N.Y. Times' Daily Market Listings Will Leave Printed Edition April 4
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Tuesday, March 14, 2006
The New York Times will drop daily stock and bond price listings starting April 4, replacing them with summary tables and online functions to reduce newsprint costs.
The Tuesday through Saturday editions, which have six pages of financial tables, will feature two pages of market summaries and "analytical tools," parent New York Times Co. said yesterday in a statement.
The Times joins others newspapers in cutting market listings as more readers use the Internet to monitor investments. The Los Angeles Times today begins publishing shorter tables, featuring what it says are the 1,300 most heavily traded stocks. The Los Angeles paper's parent, Chicago-based Tribune Co., cut stock listings at its namesake paper in January.
Prices of stocks, mutual funds and bonds will be available from the Times' Web site, where the company also plans to add interactive tools. The paper, the third-largest in the United States based on circulation, said it will continue to publish full financial tables in the Sunday edition.
The New York Times Co., which owns 18 daily newspapers, reported revenue of $3.37 billion for the year ended Dec. 25. It did not say yesterday if the cuts in tables would expand to its other papers.
