Bucking the Industry Trend, New York Times Co. Shows Revenue Growth in 3rd Quarter
As Gannett and New Media Investment Group saw financial results dragged down by deep print ad revenue declines in third quarter earnings reports today, The New York Times posted a small revenue gain of 0.7 percent. The Times held print ad losses to 0.9 percent compared to the same quarter in 2014. Digital ad revenues were down 5 percent, but the company had gains in circulation revenue and from other activities including rental income, events and crossword puzzles.
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