The owner of 82 newspapers, including USA Today, and 23 TV stations dropped the most in two months after quarterly profit fell 1.6 percent to $99.8 million as circulation and print-advertising revenue declined. The McLean, Va., company’s shares are down 34 percent this year. The New York Times Co., publisher of the namesake newspaper and The Boston Globe, fell 4.3 percent. It reports results Thursday.![]()
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