Newspaper publisher New York Times Co reported a bigger-than-expected quarterly adjusted profit, as a 17 percent rise in digital subscription sales offset a decline in print advertising revenue.
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The company's net loss attributable to common stockholders narrowed to $12.5 million in the third quarter from $24.2 million a year earlier.
Adjusted earnings from continuing operations rose to 3 cents per share from 1 cent per share. Analysts on average were expecting the company to breakeven on a per share basis, according to Thomson Reuters I/B/E/S.
Total revenue rose 0.8 percent to $364.7 million. (Reporting by Anya George Tharakan in Bangalore; Editing by Simon Jennings)