NYT Reports 3Q Loss

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By: E&P Staff

On Tuesday, The New York Times Company reported a quarterly loss of $4.3 million. Jeremy W. Peters reports:

"Total revenue decreased 2.7 percent to $554.3 million in the third quarter compared with the period a year ago. Advertising revenue dropped 1 percent; circulation revenue fell 4.8 percent. Digital advertising, which now makes up 27 percent of the company's overall advertising revenue, rose 14.6 percent."

Read the whole story here.

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