New York Times shares rally in premarket after sales and earnings rise
Shares of New York Times Co. NYT, +0.90% rose 1.2% in premarket trade Wednesday, after the media company reported first-quarter earnings and revenue that rose above expectations, as growth in subscription and other digital product revenue offset a slight decline in ad revenue. Net income rose to $30.2 million, or 18 cents a share, from $21.9 million, or 13 cents a share, in the year-ago period.
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