The New York Times Co. said Tuesday...
The New York Times Co. said Tuesday that its profit nearly tripled in the first quarter because of higher newspaper and magazine advertising revenue and lower newsprint costs.
The results were up from a weak performance a year ago when the Persian Gulf War depressed demand for advertising.
The Times earned $13.9 million, or 18 cents a share, for the three months ended March 31, compared to $5.1 million, or 7 cents a share, a year ago.
Revenue for the quarter rose 5.6% to $440.4 million from $416.9 million a year earlier.
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