This article is from the archive of our partner .

The New York Times company reported a second quarter net loss of $119 million "due in part to a noncash write-down of $161.3 million to reflect the declining value" of its regional newspapers. And online advertising, it seems, couldn't offset for the decline in print revenue: "The company said a 2.6 percent increase in online advertising revenue partly offset a 6.4 percent decline in print advertising," reported the Times. From their press release and write up from their media reporter Jeremy W. Peters, an encouraging part: there's 224,000 people who are paying to subscribe to the digital edition and another 57,000 who pay for it on e-readers. And, in other glass half full news, last week The Times managed to free itself a bit early from the worrisome quarter billion dollar loan from Mexican mogul Carlos Slim HelĂș.

This article is from the archive of our partner The Wire.

We want to hear what you think about this article. Submit a letter to the editor or write to letters@theatlantic.com.