The Bad News Fit to Print

New York Times Company reports today in its flagship publication that the group posted a first quarter loss.

The company’s main source of revenue, newspaper advertising in print and online, fell 10.6 percent, the sharpest drop in memory, as the industry suffers the twin blows of an economic downturn and the continuing long-term shift of readers and advertisers to the Internet.

Meanwhile, Google's first quarter was up 30%.