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Newspaper analyst Ken Doctor said the Times' digital operation is the most successful in the newspaper industry, but it hasn't been enough to overcome the erosion of print advertising. When Robinson took over as CEO, the Times Co. earned $293 million on revenue of $3.3 billion. This year, analysts project earnings of $93 million on revenue of $2.3 billion. There is little reason to expect that the situation will improve next year, which is one reason Doctor believes newspaper industry executives such as Robinson are calling it quits. The Times Co.'s top digital executive, Martin Nisenholtz, also recently announced his plans to retire at the end of the year. Earlier this week, Los Angeles Times editor Russ Stanton stepped down after several years of staff layoffs. "The headaches aren't over because print advertising is in a death spiral," Doctor said. "The New York Times is ahead of the curve digitally, but there are still some blind turns ahead. Their future is still not secure."
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