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More about New York Times, Earnings, Business, and Media
from MashableSeth Fiegerman
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.
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...
More about New York Times, Earnings, Business, and Media
from MashableSeth Fiegerman
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