New
York Times Co. Ad
Revenue Increases for
First Time in Years
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
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.
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