New York Times reports lower revenue on ad slide

April 25 Thu Apr 25, 2013 8:39am EDT

April 25 (Reuters) - New York Times Co reported a decline in quarterly revenue as advertisers pulled back their spending.

First-quarter revenue fell 2 percent to $465.9 million, below analysts' expectations of $470.5 million, according to Thomson Reuters I/B/E/S.

The company reported on Thursday earnings per share from continuing operations of 2 cents compared with 6 cents in the same period last year.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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