The New York Times Company sharply reduced its dividend just a year and a half after a major increase, as the company seeks to conserve cash amid concern about dwindling profit.

The New York Times Company sharply reduced its dividend just a year and a half after a major increase, as the company seeks to conserve cash amid concern about dwindling profit.

The decision to close Play, which was first published in February 2006, marks another in a long list of contractions in the newspaper and magazine industries.

Bono, the activist, philanthropist and U2 front man, has been invited to write an Op-Ed page column for The New York Times.

The New York Times Company reported a 51.5 percent decline in third-quarter profit as deeper-than-expected expense cuts could not keep pace with falling revenue.

The New York Times Company reported a 51.5 percent decline in third-quarter profit as deeper-than-expected expense cuts could not keep pace with declining revenue.

Newspapers, already facing a grim economic forecast, are digesting another piece of bad news.

The New York Times Company said Thursday that it had appointed Joseph N. Seibert as chief information officer, and announced additional responsibilities for two other executives.

Breakingviews.com, an independent financial publication, will provide opinion columns for The New York Times and The International Herald Tribune.

Carlos Slim Helú, the Mexican telecommunications billionaire, and his family have acquired a 6.4 percent stake in The New York Times Company, he revealed in a regulatory filing.