New York Times posts $15 million profit in Q2
1 min read . Updated: 27 Jul 2017, 06:47 PM ISTNew York Times reported a profit in the second quarter compared to a year-ago loss as it signed up more digital subscribers resulting in revenue rising by 9.2% to $407.1 million
Bengaluru: 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% to $407.1 million. Reuters
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