New York Times Co. Reports Gain in Net Income

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By: Amy Chozick | The New York Times

The New York Times Company reported on Thursday a large gain in first-quarter net income, driven largely by the sale of its regional newspapers, the sale of part of its stake in a New England sports group and an increase in circulation revenue at its flagship newspaper.

Net income for the quarter was $42.1 million, or 28 cents a share, compared with $5.4 million, or 4 cents a share, in the period a year earlier.































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