The New York Times Reports Solid Growth in Digital Subscriptions in Q3
The New York Times Company (NYSE: NYT) credits growth in digital subscriptions, digital advertising, subscription revenue and overall profitability for a solid third quarter. These strong results made it possible for the company to declare diluted earnings per share of $0.20, compared to $0.00 for the same period last year. Total revenue for the third quarter of 2017 was $385.6 million, a 6.1 percent increase over Q3 2016 revenue of $363.5 million. Subscription revenue was $246.6 million, a 13.6 percent increase over subscription revenue of $217.1 million for the same period last year.
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