Oct 31 New York Times Co reported higher
third-quarter revenue on Thursday after more readers paid for
its flagship newspaper and its digital products.
Revenue rose almost 2 percent to $361.7 million but fell
short of analysts' average forecast of $417.3 million, according
to Thomson Reuters I/B/E/S.
The company sold The Boston Globe and its sister newspaper
this month for $70 million and now publishes only its namesake
paper. It took a charge of $34.3 million in the third quarter
for writing down the value of the Globe.
Excluding the results of its New England newspaper
properties, New York Times Co reported a quarterly loss of $5.2
million, or 3 cents per share, compared with a loss of $2.9
million, or 2 cents per share, in the year-ago period.