New York Times Co. Reports a Quarterly Loss

By: Ravi Somaiya | New York Times

The New York Times Company said on Thursday that its third-quarter revenue increased by less than 1 percent from a year ago, as growth in its digital business offset declines in print circulation and advertising.

The Times planned to spur revenue growth during 2014 with the introduction of several new digital subscription products, but those products have not caught on as the company had hoped. Total revenue during the third quarter increased 0.8 percent to $365 million, compared with $362 million in the same period last year.