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NY Times quarterly revenue falls on lower print ad sales
July 29, 2014 / 12:50 PM / 3 years ago

NY Times quarterly revenue falls on lower print ad sales

July 29 (Reuters) - New York Times Co reported a slight drop in second-quarter revenue as print advertising sales fell 6.6 percent, and the company said it expected a mid-single digit percentage drop in total ad revenue in the current quarter.

Revenue fell to $388.7 million in the quarter from $390.9 million in the same quarter of 2013.

Net income attributable to common stockholders fell to $9.2 million, or 6 cents per share, from $20.1 million, or 13 cents per share a year earlier. (Reporting by Abhirup Roy in Bangalore; Editing by Ted Kerr)

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