Comment on New York Times issues soft earnings, plans “New Strategy for Growth”

New York Times issues soft earnings, plans “New Strategy for Growth”

The New York Times Company posted its latest earnings on Thursday morning, and the results show the company moving forward at a plodding pace. Its earnings per share came in at $0.04 which was slightly below the $0.05 analysts had predicted. Operating profit for the quarter was $22.9 million. Overall advertising declined 11.2% from the same quarter a year ago, while circulation revenues rose 6.2%.

 

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