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.

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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)