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Cultura

New York Times profit jumps as digital ad sales rise, costs fall


    (Reuters) - New York Times Co's quarterly profit jumped 78.5 percent, helped by cost cuts and higher digital advertising sales.

    Net income attributable to the company's shareholders rose to $16.4 million, or 10 cents per share, in the second quarter from $9.2 million, or 6 cents per share, a year earlier.

    Revenue fell 1.5 percent to $382.9 million as the company's print ad sales fell further.

    (Reporting by Abhirup Roy in Bengaluru; Editing by Kirti Pandey)