Reuters) - The New York Times Co (NYT.N), assailed by a U.S. president who brands it as “failing,” signed up more than 200,000 paying online subscribers in the third quarter, helping it top Wall Street estimates for both profit and revenue.
The New York Times building is seen in Manhattan, New York, U.S., October 24, 2018. REUTERS/Shannon Stapleton
Shares in the publisher rose 8 percent after quarterly results on Thursday showed digital-only subscribers rose to 3.1 million at the end of September, the result of a combination of aggressive discounting and heavy spending on marketing.
The company’s stock has now risen 54 percent in value this year.
trump must be spouting more "alternative truth"!
The New York Times building is seen in Manhattan, New York, U.S., October 24, 2018. REUTERS/Shannon Stapleton
Shares in the publisher rose 8 percent after quarterly results on Thursday showed digital-only subscribers rose to 3.1 million at the end of September, the result of a combination of aggressive discounting and heavy spending on marketing.
The company’s stock has now risen 54 percent in value this year.
trump must be spouting more "alternative truth"!
