New York Times posts profit in second quarter
The New York Times Co on Thursday reported a profit in the second quarter compared to a year-ago loss as the newspaper publisher signed up more digital subscribers.
The company reported a profit of $15.6 million in the second quarter compared to a loss of $211,000, a year earlier.
On a per-share basis, the company earned 9 cents per share in the latest quarter.
Revenue rose 9.2 percent to $407.1 million.
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