New York - The New York Times Co. (NYSE: NYT) announced on Thursday that its total revenues in August decreased 8.8% compared with the same month a year ago, with advertising revenues down 14.1% and circulation revenues up 0.9%.

New York - Mexican telecommunications billionaire Carlos Slim Helu has paid about $127 million for a 6.4% stake in The New York Times Company (NYSE: NYT), The Times reported, citing a regulatory filing. Slim "has a history of buying depressed assets he can later sell at a profit, and several analysts familiar with his investments say they see the purchase of the Times Company in that vein," the paper noted.

New York - Internet revenue for The New York Times Co. (NYSE: NYT) rose 14.8% in the last quarter, while the company's overall revenue decreased to $235.4 million, a 6.4% drop compared to the same period a year ago, the company announced.

New York - Automattic, the developer of the WordPress blog publishing software, has raised $29.5 million in new financing from Polaris Venture Partners, True Ventures, Radar Partners and The New York Times Company (NYSE: NYT), The Times reported.

Silver Spring, Md. - More than 18 months after losing The New York Times (NYSE: NYT) as a partner on the venture, Discovery Communications said that it will change the name of its "Discovery Times" channel to "Investigation Discovery," beginning Jan. 27. The company said that the new name "correlates directly" to the types of programs the channel has focused on over the past year. Discovery Communications launched Discovery Times as a joint venture with The New York Times in 2003. In April, however, the Times announced its intention to sell back its 50% stake in the channel. Even so, the channel has seen triple-digit ratings growth over the past 10 months.