The New York Times' Rise in Circulation Revenue
Posted: 7/9/2012 | By: Zacks.com | Forbes
It has been a tough few years for the newspaper industry, but The New York Times Company (NYT) is expected to see earnings growth in 2012. Zacks now ranks the stock a #1 (Strong Buy.)
On April 19, The New York Times reported first quarter
results and crushed the estimate by 300%. Earnings per share were 8
cents compared to the 2 cent estimate. That was also much better than
the first quarter of 2011 where the company made zero cents.