Receive Breaking News updates as they occur
CHICAGO (AP) — The NCAA agreed Tuesday to settle a class-action head-injury lawsuit by creating a $70 million fund to diagnose thousands of current and former college athletes to determine if they suffered brain trauma playing football, hockey, soccer and other contact sports.
The New York Times Co. on Tuesday reported a sharp drop in profits as lower advertising revenues offset gains in digital subscriptions. Digital advertising revenues were up 3.4 percent but that failed to offset a 6.6 percent drop in print advertising revenue. "We saw continued growth in digital advertising and circulation revenues during the quarter," said Mark Thompson, president and chief executive officer. The NYT Now app is designed for mobile device users, and Times Premier is a premium news and information service that adds to the cost of a regular subscription.