A taxi passes by in front of The New York Times head office in New York on Feb 7, 2013. (Reuters photo)The New York Times Co on Wednesday reported a better-than-expected quarterly profit, as the newspaper publisher benefited from a record increase in digital subscriptions that helped offset falling print sales. New York Times' total revenue rose 5.1% -- the best performance in several quarters -- to $398.8 million. New York Times has been investing heavily to boost its digital offerings that focus on mobile devices and brand marketing, as well as other services to lure readers. Excluding one-time items, New York Times earned 11 cents per share, beating analysts' average estimate of 7 cents, according to Thomson Reuters I/B/E/S.

Source: Bangkok Post May 03, 2017 14:15 UTC