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NY Times misses third-quarter revenue expectations, stock tumbles

New York Times

(Reuters) - The New York Times Co reported worse-than-expected results on Thursday as advertisers cut spending on both print and digital outlets, sending shares down 12 percent.

 

Times Co. Shows Loss but Beats Forecast

The New York Times Company reported a $35.6 million loss for the third quarter on falling advertising revenue, but deep cost-cutting and newspaper price increases helped beat projections.

 

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