Sign in to comment!



New York Times says revenues rise on subscription growth

The New York Times Co on Thursday reported higher quarterly revenue as more people paid for its news products.

Total fourth-quarter revenue was $575.8 million, a 5.2 percent rise from the same quarter a year ago. Analysts were expecting revenue of $570.42 million, according to Thomson Reuters I/B/E/S.

The revenue increase also came after an additional week in the quarter.

The company reported earnings per share of 76 cents compared with 34 cents in the same period a year ago.

Adjusted for special items including severance costs, the company reported earnings of 32 cents a share, ahead of analysts' expectations of 31 cents.

(Reporting by Jennifer Saba in New York; Editing by Jeffrey Benkoe)