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New York Times reports lower revenue on ad slide
April 25, 2013 / 12:40 PM / 4 years ago

New York Times reports lower revenue on ad slide

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.

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