Third-quarter operating results were held back by continuing advertising softness, exacerbated by the terrorist attack on Sept. 11, ... In the aftermath, most advertisers curtailed or canceled their normal schedules for the better part of two weeks.
More Quotes from Tony Ridder:
The quarter was challenging. With total ad revenue up only 1 percent, and with the persistence of the soft revenue patterns across the industry for many months now (employment and real estate excepted), we continue to look to the second half for improvement.Tony Ridder
Ad revenue growth in February and March, boosted by the early Easter, was the strongest we have seen since the first quarter of 1998. Our focus on operations, with emphasis on cost control and margin improvement, is clearly paying off.
Tony Ridder
As promised, we delivered a very strong earnings-per-share (excluding nonrecurring items) performance in 1998, ... We did this in a year where not everything was going our way, which demonstrates our ability-and commitment-to tight management despite soft revenues in key markets.
Tony Ridder
This is a difficult time in so many ways, but in no way greater than having to disrupt the lives and trust of Knight Ridder people with whom we have worked so closely. But I do feel we have no choice.
Tony Ridder
The newspaper business is a great business, ... We've just made the biggest acquisition in the history of our industry when we bought four newspapers from Disney ( DIS ). We think the newspaper business in print form . . . is a very, very good business.
Tony Ridder
We'd consider it, but we don't have any control over the Times board. Who would buy something like that
Tony Ridder
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Based on Topics: Terrorism QuotesBased on Keywords: curtailed, exacerbated, schedules, third-quarter
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