New York Times Reduces Ad Declines as Subscriber Gains Slow
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New York Times Co.’s advertising declines abated in the fourth quarter, helping the publisher beat earnings estimates even as subscriber growth slowed.
Ad sales fell 1.3 percent from a year earlier, leaving out an extra week in 2013 for comparison purposes. It was the 13th straight quarterly drop in advertising, including a 2 percent slowdown in the third quarter.