BACK IN BLACK: The New York Times Co. turned a profit for the fourth quarter, reporting net income of $90.9 million, compared with $27.6 million a year ago, thanks, in part, to significant cost cutting. Revenues during the period declined 11 percent, to $681.2 million. Newspaper advertising fell 17.1 percent while circulation revenues rose 2.4 percent, due to higher subscriptions and newsstand prices at the Times and Boston Globe. Looking ahead, travel and international fashion ads are expected to stabilize and media, American fashion and cosmetics are showing signs for potential growth.
Internet revenues increased 10.3 percent to $102 million. Chief executive officer Janet Robinson touched upon the Times’ forthcoming metered online payment plan as an additional source of revenue, reiterating it would take affect in 2011. But she didn’t talk about any plans the Times has for the Apple iPad — and neither did the analysts on the earnings conference call — a sign, perhaps, that Wall Street isn’t convinced the device will make a difference, at least at the outset.
— Amy Wicks
BLOG ON: Bloggers will have their own event during New York Fashion Week, thanks to social media site Chictopia, where users share and vote on fashion photos of themselves. Although tickets are not cheap ($129 for Chictopia members; $199 for others), more than 250 people have signed up to attend Saturday’s Social Influence Summit at the Allegra Laviola Gallery. Six emerging designers will showcase their wares, and bloggers will talk about style and social media, followed by a party.
Speakers include blogger Susie Lau of Style Bubble; Susan Koger, founder of online store ModCloth, Polyvore vice president of products Jess Lee. Etsy sellers Corvus Noir, Alexandra Grecco and Alyssa Nicole are among those showing their latest designs. Chictopia also held a contest and will pay for hotel or airfare for 10 Chictopia members.
Sponsors are Chicago’s Akira boutique, search engine TheFind, ModCloth, bag maker Botkier, Polyvore and online vintage auction site Market Publique.
— Cate T. Corcoran
ELLE’S NEW BOOK: Elle magazine has been invading the closets of some of the world’s most stylish women in the name of a new coffee-table book — titled “The ELLEments of Style” — that will hit shelves this fall, coinciding with the 25th anniversary of Elle’s U.S. edition. According to a request for participation letter obtained by WWD, the magazine’s creative director Joe Zee is spearheading the talent-wrangling effort, as well as styling the subjects and editing the book, which will feature photographs by Thomas Whiteside and text by Elle senior writer Maggie Bullock. Rodrigo Corral, the art director behind Mary-Kate and Ashley Olsen’s 2008 style tome “Influence,” is designing the hardcover, to be published by Gotham Books.
“ELLEments” will include chapters on 25 trendsetters, shot mostly in their homes and surrounded by prized possessions, with interviews covering personal style and inspirations. Among those said to be on board are Charlotte Gainsbourg, Diane von Furstenberg, Candace Bushnell, Dita Von Teese, Lea Michele, Fergie and Margherita Missoni.
— Nick Axelrod