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04-24-2014, 06:03 PM
New York Times Co. Ad Revenue Increases for First Time in Years
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The New York Times Co. finally has some good news to report.
The media company reported earnings per share of $0.07 on revenue of $390 million for the March quarter, coming in ahead of Wall Street estimates for earnings of $0.03 a share and revenue of around $385 million.
See also: Despite Paywalls, Newspapers Still Bled Red Ink in 2013 (http://mashable.com/2014/04/18/newspaper-revenue-decline-2013/?utm_medium=feed&utm_source=rss)
Total revenue, up 2.6% year-over-year, was helped by a surprise uptick in advertising sales. The New York Times Co. print and online ad revenue increased by a combined 3.4% year-over-year (or 3.7% and 2.2%, respectively)
That marks the first year-over-year increase in ad revenue in more than three years, but doesn't necessarily mean it has turned a corner yet. Read more... (http://mashable.com/2014/04/24/nyt-earnings-march-quarter/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
More about New York Times (http://mashable.com/category/new-york-times/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Earnings (http://mashable.com/category/earnings/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), and Media (http://mashable.com/media/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)http://feeds.feedburner.com/~r/Mashable/~4/ragzSNmcMdg
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The New York Times Co. finally has some good news to report.
The media company reported earnings per share of $0.07 on revenue of $390 million for the March quarter, coming in ahead of Wall Street estimates for earnings of $0.03 a share and revenue of around $385 million.
See also: Despite Paywalls, Newspapers Still Bled Red Ink in 2013 (http://mashable.com/2014/04/18/newspaper-revenue-decline-2013/?utm_medium=feed&utm_source=rss)
Total revenue, up 2.6% year-over-year, was helped by a surprise uptick in advertising sales. The New York Times Co. print and online ad revenue increased by a combined 3.4% year-over-year (or 3.7% and 2.2%, respectively)
That marks the first year-over-year increase in ad revenue in more than three years, but doesn't necessarily mean it has turned a corner yet. Read more... (http://mashable.com/2014/04/24/nyt-earnings-march-quarter/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
More about New York Times (http://mashable.com/category/new-york-times/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Earnings (http://mashable.com/category/earnings/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), and Media (http://mashable.com/media/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)http://feeds.feedburner.com/~r/Mashable/~4/ragzSNmcMdg