New York Times Co. lifted its advertising sales for the first time in more than three years, in what may be a fleeting bright spot in Chief Executive Officer Mark Thompson’s turnaround efforts.
Ad revenue rose 3.4 percent to $158.7 million, boosted by a 3.7 percent gain in the print business that outpaced digital sales. That helped the publisher report earnings of 7 cents a share, excluding one-time items, beating analysts’ average estimate of 3 cents.
