New York Times Feels War Pinch

Updated from 8:26 a.m. EDT

A poor help-wanted advertising market, SARS-related travel weakness and the Iraq war will cause the New York Times'(NYT Quote) second-quarter earnings to fall short of estimates.

The company expects to earn 43 cents to 47 cents a share in the quarter and said the balance of the year will depend on the strength of the recovery in the economy and the advertising market. It currently expects 2003 earnings per share to increase in the low- to mid-single digits. ...